Financial Services
Great Eastern's net profit jumps 21% to $390.5m in H1
The operating value from its insurance business rose 12% YoY to $312.3m.
Great Eastern's net profit jumps 21% to $390.5m in H1
The operating value from its insurance business rose 12% YoY to $312.3m.
Bank lending up 5.9% to $673b in June
Corporate lending drove the monthly loan growth.
UOB rolls out fully automated car loan application process
This cuts processing time from three days to 15 minutes.
CPF withdrawals via PayNow hit $40m in 3 months: OCBC
Processing for bank deposits can be shortened by 4 days through PayNow.
Fintech startup C88 bags US$28m from Series C funding
It operates financial marketplaces in Indonesia and the Philippines.
Is branch banking still relevant as lenders migrate their services online?
Overall, there will be lower demand for office space allocated for bank branches, according to an analyst.
OCBC Q2 loan growth to hit 10% as Indonesian and Chinese arms outperform
Banking fees are also expected to rise 13.8%.
Singaporeans ditch bank visits to go mobile
Mobile banking usage has now overtaken branch visits by 15%.
Vietnamese banks grapple with $9b capital crunch as lending outpaces capital generation
Tier 1 Capital ratio could fall from 9.4% to 8% by 2019.
Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2
Krung Thai Bank’s net profit more than doubled to $230.08m.
India to close a third of overseas public sector bank branches
Around 70 foreign branches may be shuttered by end 2018.
Chinese banking regulator releases long-awaited draft rules for banks' WMPs
CBIRC urged banks to manage WMPs based on net value.
MAS warns stolen SingHealth data could be used in bank fraud
Financial institutions are discouraged from relying on the stolen information for customer verification.
Are property marketplace players threatened as DBS comes after their customers?
The bank has small service providers rattled with the launch of its online property marketplace.
MAS slaps former Great Eastern Life rep with 4-year service ban
Chan Seet Fun misappropriated client monies worth $12,900 to pay personal debts.
DBS rolls out online property marketplace
It will aid buyers to assess their 'affordability' range based on their cash flow.
OCBC appoints Melvyn Low as Head of Global Transaction Banking
He was previously ASEAN and Singapore Head of Treasury and Trade Solutions at Citibank N.A.
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