Singapore banks

Singapore bank lending up 0.5% in Nov from Oct

BANK lending rose 0.5 per cent in November from October, easing slightly from a 0.7 per cent increase in October, preliminary Monetary Authority of Singapore data showed on Tuesday.

Life after Permata: What's next for Singapore banks in their M&A strategy?

SINGAPORE'S Big Three banks are likely to persist in their quest for growth in the coming year through potential mergers and acquisitions (M&A), even as OCBC and DBS recently bowed out of the...

OCBC revs up data engine for edge in financial management

SINGAPORE'S second-largest bank OCBC is using more data analytics to take a bigger chunk of the mass affluent market, said a senior executive.

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...

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...

Digital banks may find it tough to win over consumers and deposits

WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks' earnings are not at...

Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

MORE customers may be willing to park money with Singtel than Grab, a CGS-CIMB report showed, with the brokerage estimating that 4-11 per cent of deposits from the domestic banking unit are at...

New chapter in banking begins as applications open for digital banks

RIDE-HAILING firm Grab is "confident" of meeting the digital banking licence requirements that include "a path towards profitability" on a five-year projection, the unicorn told The Business Times...

LiquidX partners DBS; ramping up expansion plans in Singapore

NEW York-headquartered trade finance marketplace LiquidX has managed to get DBS, South-east Asia's largest lender, onboard its network - the first bank here in Singapore to do so.

OCBC in sweet spot as SMEs go regional and digital

OCBC sees itself sitting in a sweet spot when it comes to cash management and other transaction banking services, with the bank holding a large chunk of primary bank accounts that capture the...

Time to tighten digital banking metrics

THE heightened pressure on Singapore banks to prove their mettle amid Big Tech disruption means an ongoing rewrite in how digital banking is showing off richer returns.