20-65% of banks' quarterly profit at risk from full-blown direct cyberattacks: MAS study
A FULL-BLOWN direct cyberattack on a bank would cost it 20-35 per cent of quarterly profits, even when contingency measures are in place, the latest stress test by the Monetary Authority of...
Grab heads into 2020 with wealth ambitions
WHEN it comes to Grab, some cards are still held close to the chest.
Grab eyes the unsung SMEs behind Fortune 500 heavyweights
GRAB is targeting the underserved segment in the middle-income economy of this region - the small and medium-sized enterprises (SMEs) that are the forgotten links in a supply chain that trace back...
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...
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...
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-...
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.
Brick-and-mortar bid for Bank Permata by DBS 'conflicts' with digital focus: Citi
A REPORTED move by DBS to throw in a bid for Indonesia's Bank Permata, as OCBC is reportedly set to do, "conflicts" with Singapore banks' strategy of building out digital banking to capture...
Temasek seeks sane valuations from Asean 'aspiring unicorns'
TEMASEK Holdings is actively focused on "aspiring unicorns" out of South-east Asia, and expects to announce a couple of deals in the pipeline in the next few months, its senior executive told The...
Temasek aims to invest in a few more Asean 'aspiring unicorns' by year-end; Vietnam a key market
TEMASEK Holdings is actively focused on "aspiring unicorns" out of South-east Asia, and expects to announce a couple of deals in the pipeline in the next few months, its senior executive told The...