BANKS AND FINANCIAL INSTITUTIONS

The rise of the Asian 'super app'

Rice Basket Queen is the name of a stall run by Ms Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago, it was typical of thousands of others. Ms Ruri would place her fish and vegetable...

Businesses and households must be careful not to overextend themselves amid global uncertainties: MAS

SINGAPORE - Rising risks to financial stability from ongoing trade and geopolitical tensions and expectations for sluggish global growth ahead mean businesses and households should be careful not...

UOB's new mCollect to help businesses with digital payment

A new digital payment solution aims to help businesses reduce cash-handling risks and improve cash flow.

Britain's Revolut rolls out digital payment services here

Digital payment firm Revolut officially rolled out its services yesterday, after a low-key launch here earlier this year that amassed more than 30,000 customers.

What's good and bad about using robo-advisers?

Robo-advisers, or platforms offering financial advice based on computer algorithms with little or no human intervention, have been in the Singapore market for about three years now, with new ones...

Start-ups may grab $385b slice of payments pie by 2025: Report

LONDON • Banks are set to miss out on as much as US$280 billion (S$385 billion), or 15 per cent, of their global payments revenue by 2025, as new start-ups muscle in and more of the business of...

A crypto firm hopes to get a Singapore banking licence

SINGAPORE (BLOOMBERG) - Cryptocurrency-related financial services are hard to find in Singapore, as digital assets are a market traditional lenders have tended to avoid. Sygnum, one of the first...

UBS launches Future of Finance Challenge contest for the region in Singapore

SINGAPORE - UBS has launched its Future of Finance Challenge competition for the Asia-Pacific region in Singapore, one of six cities around the world to invite innovators and fintechs to take part...

Singtel, Grab and Razer to study feasibility of applying for digital banking licence

Industry and digital players will be studying closely how a digital bank will complement their businesses in what has been described as one of the biggest policy moves in Singapore's bank...

Singapore to allow digital banks; MAS issuing up to 5 new licences: Tharman

The new licences are in addition to any digital banks local lenders have set up under the existing Internet banking framework.

Singapore's 3 big banks can defend market share against fintech threats: Moody's

SINGAPORE - The three largest banks by assets in Singapore will be able to defend their market share against fintech competitors, despite the rapidly growing threats to their bank business from...