In a strategic move to enhance the vibrancy of its domestic capital markets, the Monetary Authority of Singapore (MAS) announced a S$1.1 billion allocation to three asset management firms under its Equity Market Development Plan. 1. Policy Initiative
OCBC Bank has introduced an innovative AI-powered platform to simplify loan approvals for small and medium enterprises (SMEs), aiming to cut processing times by 60% and boost financial inclusion. OCBC Embraces AI for SME Lending What’s New OCBC’s
Singapore-based DBS Bank has become the first financial institution in Asia to issue a tokenized bond on the Onyx Digital Assets platform by JPMorgan.
Facing growing international scrutiny and evolving regulatory standards, Singapore’s financial institutions are investing heavily in digital KYC systems to modernize their compliance infrastructure and improve client experience.
Private banks in Singapore report a significant uptick in account openings by high-net-worth individuals (HNWIs), driven by political uncertainty in Europe and increasing regulatory pressures in the U.S.
Singapore's central bank, MAS, is working closely with law enforcement to investigate the role of local and international banks in facilitating suspicious cryptocurrency transactions. This comes after authorities uncovered a vast network laundering bi
Singapore-based digital-only bank, Trust Bank, has surpassed 1 million customers just 18 months after launch, signaling a shift in consumer banking behavior.
UOB announced the opening of its Sustainable Finance Hub in Raffles Place, positioning Singapore as a regional leader in green finance. The hub will provide tailored financing solutions, ESG advisory, and capacity building for small and medium-sized e
News article on bankopensingapore.com
News article on bankopensingapore.com