Incumbent banks are battle-ready for competitors

BANKS in Singapore are in good shape to be able to defend their turf, even as the financial sector is being liberalised in this digital age.

Payments in South-east Asia: A new frontier

WITH its high mobile penetration rates and a large underbanked population, South-east Asia is an attractive region for new entrants in the payments space to tackle.

How the Internet of Things will change finance

THERE is plenty of potential from the combined markets of the Internet of Things (IoT), with Bain & Company estimating in 2018 that this global market will grow to about US$520 billion in 2021, more than double the US$235 billion spent in 2017.

Spotlight

Singapore digs deep to bring true financial liberalisation

SINGAPORE is opening up the financial sector, taking the industry on a steady sail into the digital age.

Investing for a greener future

IF LEFT unchecked, climate change could shave an estimated 11 per cent off South-east Asia's gross domestic product by the end of the century. The region in particular is in its direct firing line. 

A new approach to digital banks

BY YEAR-END, Singapore's Monetary Authority of Singapore (MAS) will round up all the applications for a digital banking licence, and by the middle of next year, award up to two licences for a digital full bank, and up to three licences for a digital wholesale bank. 

Fintech investments in Singapore cross billion-dollar mark

FINTECH investments in Singapore have crossed the S$1 billion mark, research by professional services firm Accenture shows. And there seems to be more room to grow.

Money: an existential question

WHAT is money?

DBS aims for moderate M&A diet to avoid indigestion

SINGAPORE'S largest bank DBS will focus on bolt-on acquisitions - deals valued at about 5 per cent of its market cap - and shy away from large buys that distract it from "the battleground of the future".

Putting the customer first

THERE is a story that DBS chief Piyush Gupta likes to tell, and it goes like this: in 2012, DBS ATMs in the Bugis area were hit by a card skimming fraud that resulted in about a million bucks in unauthorised withdrawals.

Green drive will hit fossil-linked assets; banks need to get ready

AS climate change takes its toll, banks will face the value deterioration in certain assets it's exposed to. To prepare for this, Singapore is expected to put out guidelines on environmental risk management for the financial sector.

Trafigura pilots US$20m trade on Singapore blockchain platform

A NEW blockchain platform meant to tackle the perennial problems behind the trillion-dollar trade finance market has been developed in Singapore among partners including commodity trading giant Trafigura and DBS, with a US$20 million pilot trade to be transacted via it.

Financial firms due to disclose stranded-asset risks from climate change

SINGAPORE is expected to put out guidelines on environmental risk management for the financial sector, as climate change threatens to leave some assets stranded and catch financial institutions off-guard.

Trafigura pilots US$20m trade on Singapore blockchain platform developed with DBS, IMDA

A NEW blockchain platform meant to tackle the perennial problems behind the trillion-dollar trade finance market has been developed in Singapore among partners including commodity trading giant Trafigura and DBS, with a US$20 million pilot trade to be transacted via it.

DIGITAL BANKING

OCBC to enter digital banking fray with Keppel, Vertex-backed Validus

SINGAPORE'S second-largest bank OCBC is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and venture-capital fund Vertex Ventures to form a digital-bank consortium.

OCBC in talks with Keppel and Validus to form digital-bank consortium

SINGAPORE'S second-largest bank OCBC Bank is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.

BT EXCLUSIVE

DBS to boost Asean focus and hunt for region's next unicorns

DBS will look to boost its coverage of Asean and throw its weight behind regional supply chains of global multinational corporations (MNCs) and emerging startups based out of Singapore, the bank's head of institutional banking group Tan Su Shan has said.

BT EXCLUSIVE: DIGITAL FINANCE

Consumers to be able to aggregate and share financial data next year

SINGAPORE expects to announce next year the details of a single platform for consumers to aggregate their financial information from various accounts across banks, insurance companies and brokerages, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

DIGITAL FINANCE

In about 4 yrs: Retail payments across Asean via mobile numbers

OVER the next four years or so, Singapore will work with other Asean countries to link up their real-time payment systems to enable small retail payments using just mobile numbers, with the link-up between Singapore and Thailand expected to be completed by the middle of next year, said Monetary...

DIGITAL FINANCE

A digital currency? MAS is not convinced

THERE is no compelling reason for central banks to issue digital currencies, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

No compelling reason for central banks to issue digital currencies: MAS

THERE is no compelling reason for central banks to issue digital currencies, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

As more stablecoins emerge, MAS mulls impact on Singdollar stability

SINGAPORE will take an "open mind" towards a new breed of cryptocurrencies known as stablecoins - with Facebook’s Libra the most famous example - but is wary of the risks they pose to central banks' control over monetary policy, said managing director of the Monetary Authority of Singapore (MAS...

New digibanks may push interest rates higher, but not for reckless market grab: MAS

NEW digital banks in Singapore could push interest rates higher amid heightened competition, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

SASS AND THE CITY

Love in a time of flatulence

IT isn't so often that you see nearly a full episode of television devoted to a discussion on flatulence. But there it was in the recently concluded Be Melodramatic, a criminally underrated Korean drama on cable television that plumbed the depths of relationship dynamics by exploring something...

CIMB Singapore eyes US$100m of trade financing via blockchain

CIMB Bank in Singapore plans to push up to US$100 million in trade financing transactions over the next 12 months on a blockchain platform backed by a company run by GIC's former head of technology, and a Singapore security-tracking firm backed by Temasek's Heliconia Capital.