Singapore
Ecosystem, data key for banks to keep up with disruptors
Ecosystem, data key for banks to keep up with disruptors
																					
							Banks must become the main choice of the customer, an analyst said.
						
					
					
				Singapore’s cash use in POS to fall at just 7% by 2027: study
																					
							E-wallets will become Singaporeans’ payment method of choice.
						
					
					
				UOB names Susan Hwee as head of group retail
																					
							Eddie Khoo to retire; Lawrence Goh is new head of GTO.
						
					
					
				UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
																					
							UOB’s international parcel deliveries will now use sustainable aviation fuel.
						
					
					
				DBS launches bond portfolio managed by BlackRock
																					
							Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
						
					
					
				HSBC, SBF to help Singapore businesses scale GBA, India, Middle East
																					
							HSBC launched a business guide and will offer net zero transition solutions.
						
					
					
				UOB secures major wins at ABF Wholesale Banking Awards 2024
																					
							UOB excels in AI, Digital Transformation, and Health & Wellness, showcasing its leadership in innovation and its dedication to comprehensive employee well-being.
						
					
					
				MAS “closely monitoring” global IT outage
																					
							Major banks reported little to no impact to customers and key operations.
						
					
					
				Standard Chartered bolsters Singapore private banking with new hires
																					
							The bankers hail from UBS, HSBC, Credit Suisse, and Deutsche Bank.
						
					
					
				DBS rolls out gen AI assistant to customer service workforce
																					
							CSO assistant is expected to benefit its over 500 CSO staff in Singapore.
						
					
					
				China’s XTransfer gains in-principle approval for Singapore MPI license
																					
							XTransfer plans to launch e-business wallet services in the Lion City.
						
					
					
				SG’s Maribank names ex-Trust Bank exec as new CEO
																					
							Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
						
					
					
				Great Eastern halts trading of its shares in SGX
																					
							This follows OCBC's increased shareholding in the insurer.
						
					
					
				Fave Singapore clinches in-principle approval in Singapore
																					
							It can now offer account issuance and domestic money transfer services in SG.
						
					
					
				Maybank SG prevents S$1.21m loss across 19 cases
																					
							The bank worked with the SPF to intervene in 19 scam cases.
						
					
					
				Value of loans to SG SMEs fell by 42% in 2023
																					
							There were less SMEs earning $300,000 a month who took out loans.
						
					
					
				DDEx’s digital token trade value triples in 5M 2024
																					
							Active trading clients have also grown by 36% during the period.