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UBS, the leading global financial institution, is implementing a strategic restructuring of its executive team, aimed at enhancing oversight of its technology operations. This change comes as a critical phase of operational and technology development begins,…
The 2025 World Crypto Ranking Report by Bybit has uncovered a significant shift in the worldwide adoption of digital assets. Singapore has superseded the US as the global leader in the crypto sphere, with six economies from the Asia-Pacific region entering…
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…
On Tuesday, the VN-Index, Vietnam’s benchmark index, rose by 0.9% to reach 1,717.06 points. This marked the highest level it had reached since October 17. The index ended the day 15 points higher, with a total increase of over 56 points across the previous…
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…
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…
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…
HSBC, the London-based banking conglomerate, has announced the appointment of Steve Hughes as the new Chief Executive Officer of its Australia and New Zealand operations. This change in leadership will take effect from the 1st of January, 2026. Leadership…
On Wednesday morning, the Vietnamese dong experienced a slight increase against the U.S. dollar on the unofficial market while maintaining a robust stance against other major counterparts. In unregulated exchange locations, the U.S. dollar dropped by 0.24%…
A significant gold deposit estimated to hold approximately 1,444 tonnes of reserves, valued at nearly US$193 billion, has been identified in China. This monumental find is the largest for the nation since 1949. The Discovery The find, termed as the Dadonggou…
Boku, a leading mobile payments company, has selected Singapore as the site for its latest Innovation Hub. This decision aligns with the company’s strategic plan to secure a portion of the rapidly expanding global payments market, which is projected to reach…
Singapore and the United Kingdom’s financial regulators have initiated a novel partnership that focuses on artificial intelligence (AI). The aim of this collaboration is to enhance cross-border opportunities between the two markets. The Monetary Authority of…
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…
