News
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
DBS commits add'l $100m to its foundation
The funds will mainly go to improving the livelihood affected by the pandemic.
Singaporeans want more biometric payment cards —survey
Latest industry survey reveals 88% of Singaporeans prefer biometric cards.
Barclays appoints new regional corporate banking chief
The new head will handle both Asia and Middle East divisions.
Mizuho Bank to invest $61m in Philippine digital bank operator Tonik Financial
The bank hopes to cash in on the Philippines growing digital finance sector.
Natixis CIB appoints new SEA head of real assets & investment banking
He will also hold the role of head of infrastructure funds coverage in Asia Pacific.
Dah Sing Bank shuts down 10 branches amidst rising COVID-19 cases
Customers are urged to visit other open branches or use alternative channels.
MAS slaps S$930m additional capital requirements for DBS
This comes after the bank’s digital services went offline in November.
3 in 5 in SEA wants OTP through SMS for every e-payment transaction
Others want two-factor authentication or biometrics as security options.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
Weekly Global News Wrap: India poised for digital rupee launch; UBS reports best annual profits since GFC
And Goldman Sachs’ US staff returns to office for the first time in 2022.
Thailand to issue virtual bank guidelines and allow fintech investments by lenders: report
BOT is aiming to issue the new guidelines by June.
Siam Commercial Bank joins the Equator Principles Association
SCB joins 128 financial institutions from around the world who are also signatories.
SEA banks' more crypto exposure could hit earnings in the long run: Fitch
Banks looking to dab in crypto face operational, reputational, and legal risks.
South Korean banks’ mortgage rates hit highest level in seven years: report
The loan rate averaged 3.63% in December, 0.12 ppt higher than a month earlier.
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