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UBS Group has announced changes in its executive oversight, particularly in regard to technological advancements and operations. This comes as the company enters a significant phase in executing its operational and technological strategies. To spearhead this…
On Friday morning, the strength of the U.S. dollar saw a slight decrease against the Vietnamese dong, trading near a five-week low against major currencies. The Vietnamese-based commercial bank, Vietcombank, traded the U.S. dollar at a rate of VND26,408, a…
E-commerce heavyweights, Amazon and Flipkart, are planning to venture into the financial services sector in India, by offering loans and buy-now, pay-later (BNPL) options. This strategic move is poised to challenge the traditional banking sector. Amazon’s…
OCBC Bank is set to be the first Singaporean financial institution to allow customers to scan and pay every major merchant QR code in Mainland China via its Singapore mobile banking application. This innovation is a significant leap in the integration of…
U.S. banking giant, Citi, has unveiled a key strategic management change to bolster its standing in the highly competitive capital markets sector. Yuko Nakayama has been promoted to the lead role of ECM for Japan Investment Banking, a position aimed at…
Singapore’s OCBC bank has significantly advanced its position in the regional payments sector by incorporating eight major Southeast Asian digital wallets into its banking app. This move has established the most inclusive bank-to-wallet ecosystem in the…
Singapore’s OCBC bank is set to introduce a secure in-app calling feature across its retail and business banking platforms. This move comes as a response to a significant increase in scams involving impersonation and a decreasing faith in traditional…
HSBC, the UK-based banking institution, recently undertook a strategic shift in its Southeast Asian operations, assigning an experienced professional to spearhead its markets and securities services across ASEAN. Ruby Ho Takes the Reins Ruby Ho now holds the…
HSBC, the renowned British lender, has showcased its strategic intentions in Southeast Asia by naming a seasoned financial professional as its Head of Markets and Securities Services, ASEAN. This move echoes HSBC’s determination to boost its growth strategy…
UBS, the Swiss banking powerhouse, has announced the appointment of experienced corporate leader Kwa Chong Seng to the position of chairman for Singapore and Southeast Asia. Effective from December 1, Kwa will be based in Singapore from where he will report…
United Overseas Bank (UOB) CEO, Wee Ee Cheong, recently expressed his concerns over the potential risks that come with the swift implementation of technology. He emphasized that in the financial services sector, ensuring security and maintaining trust is…
Singapore has made a bold move towards mainstream digital finance through the launch of its first tokenized retail fund. The innovative initiative, the result of a collaboration between Franklin Templeton and DBS Bank, offers a US dollar short-term money…
The Singapore FinTech Festival (SFF) 2025, the country’s premier annual financial technology event, is set to begin this week. The highly anticipated conference will feature over 800 speakers covering a myriad of topics within the industry. Looking Ahead to a…
OCBC, the Singapore-based banking corporation, has reported that its profits remained stable in the third quarter of 2025. The bank’s net earnings for the period matched the previous year’s figures, standing at approximately S$2 billion ($1.5 billion). Income…
As the Malaysian payments market surpasses the $90 billion mark, a significant challenge confronts traditional banking institutions – the urgent need to modernize to keep up with the rapid digital transformation and evolving consumer demands. The question…
Tokyo is spurring efforts to establish itself as a leading hub for financial technology (fintech), capitalizing on the exponential growth of digital finance in Asia. The city’s fintech market is predicted to hit an impressive $30.2 billion by 2033, growing at…
