Latest updates for Association Of Banks In Singapore (Abs)

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Recent items include:

  • Singapore Private Banks Use AI to Help Open Accounts Faster
  • How DBS, OCBC and UOB Are Betting on AI in 2026
  • Blackstone Singapore Chairman Gautam Banerjee Joins DBS Boards

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fintechnews.sg /2 weeks ago

Singapore Private Banks Use AI to Help Open Accounts Faster

Singapore’s private banking industry is making progress towards faster account opening as banks simplify onboarding and tailor checks to client risk. Nearly half of new accounts at...

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fintechnews.sg /1 week ago

How DBS, OCBC and UOB Are Betting on AI in 2026

What happens when artificial intelligence stops being an experiment and starts becoming part of how a bank actually works? Singapore’s three largest homegrown banks, DBS, OCBC and...

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fintechnews.sg /3 weeks ago

Blackstone Singapore Chairman Gautam Banerjee Joins DBS Boards

DBS has appointed Blackstone Singapore Chairman Gautam Banerjee to its group and bank boards effective 1 October 2026. Banerjee also holds the role of Senior Managing Director at B...

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fintechnews.sg /1 month ago

OCBC and DBS Are the Only Singapore Banks on Forbes’ 2026 Global List

OCBC and DBS were the only Singapore banks to make Forbes’ inaugural ranking of the world’s top-performing banks in 2026. OCBC ranked first in Tier 1, followed by DBS in second pla...

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fintechnews.sg /1 day ago

Malaysia and Thailand Central Banks Join MAS-Led BLOOM Initiative

Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined the Monetary Authority of Singapore’s (MAS) BLOOM initiative as policymaker members. The three central banks w...

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finextra.com /1 month ago

Singapore banks complete blockchain-enabled SGD transactions on Swift ledger

DBS, OCBC and UOB have completed live domestic Singapore dollar transactions using tokenised deposits on Swift’s blockchain-based ledger.

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fintechnews.sg /2 weeks ago

Singapore Passes Bill Giving MAS Powers to Set Loss Absorption Rules for D-SIBs

Singapore’s Parliament has passed a bill allowing the Monetary Authority of Singapore (MAS) to require banks deemed systemically important to hold additional resources that can abs...

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finextra.com /22 hours ago

Thailand and Malaysia back Singapore's BLOOM cross-border digital money initiative

The central banks Thailand and Malaysia are backing a Monetary Authority of Singapore-led public-private sector initiative to advance cross-border settlement in digital money.

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finextra.com /1 month ago

Singapore central bank proposes legislative framework for stablecoins

The Monetary Authority of Singapore (MAS) today published a consultation paper on proposed legislative amendments to the Payment Services Act 2019 (PS Act) to implement MAS’ regula...

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fintechnews.sg /1 month ago

HSBC Weighs Singapore Restructuring to Unite Wholesale, Retail and Private Banking

HSBC is considering bringing its wholesale, retail and private banking businesses in Singapore together, Bloomberg reported, citing people familiar with the matter. The lender has...

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webwire.com /1 month ago

Barclays Private Bank launches Singapore booking centre to serve globally connected clients

- - • Strategic investment reinforces Singapore's role as a key wealth hub in Barclays Private Bank's international growth strategy - • Enhanced capability will serve ultra-hi...

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crypto.news /1 week ago

Singapore Gulf Bank expands 24/7 USD payments through BNY

Singapore Gulf Bank has expanded its U.S. dollar payment services through BNY’s 24/7 transfer network, giving eligible corporate and retail clients access to qualifying transfers d...

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fintechnews.sg /3 days ago

OCBC Becomes First Non-Malaysian Bank to Offer Ringgit Savings in Singapore

OCBC will let customers in Singapore hold up to RM50,000 in Malaysian ringgit in their savings accounts from 23 October. The bank claims to be the first non-Malaysian bank to intro...

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channelnewsasia.com /3 weeks ago

Beyond banking: How HSBC Premier Elite serves the aspirations of Singapore’s affluent

For high net worth clients with international lives, the preferential banking service offers specialised wealth solutions, cross-border support and lifestyle privileges in one seam...

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fintechnews.sg /3 weeks ago

APAC Banks Rethink Legacy Issuing as Digital Payments Accelerate

In October 2025, a visitor from China could arrive in Thailand, open Alipay, UnionPay or WeChat Pay, and pay a local merchant by scanning a Thai QR code. The Bank of Thailand said...

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fintechnews.sg /1 month ago

UOB Is First Singapore Bank to Complete Live Tokenised Deposits With HSBC on Swift

UOB and HSBC have completed live cross-border Hong Kong dollar transactions using tokenised deposits on Swift’s ledger. The transactions make UOB the first Singapore-headquartered...

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channelnewsasia.com /3 days ago

OCBC to become first non-Malaysian bank to allow Singapore saving accounts to hold ringgit from Oct 23

Customers can spend the ringgit using OCBC debit cards or withdraw the currency at ATMs in Malaysia.

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fintechnews.sg /1 month ago

MAS Tests Cross Bank AI Models to Detect Scams Faster

The Monetary Authority of Singapore (MAS) is testing AI models that use cross-bank and public-private data to identify suspicious accounts and transactions. The regulator is workin...

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fintechnews.sg /1 month ago

DBS Expands Gold Storage Ahead of Singapore Clearing System

Demand from private wealth and institutional clients has prompted DBS to increase its gold storage capacity in Singapore. The expansion comes as the city-state prepares to introduc...

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fintechnews.sg /1 month ago

HSBC Gives Wealthy Singapore Clients Access to Private Markets

HSBC Private Bank is giving eligible clients in Singapore access to private investment opportunities including some previously reserved for institutional investors. HSBC Access is...

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fintechnews.sg /2 weeks ago

OCBC, Ant International Launch Tokenised Deposits for Treasury

OCBC has partnered with Ant International to launch a tokenised deposit solution for corporate treasury management and liquidity transfers between Singapore and Malaysia. The servi...

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cointelegraph.com /1 day ago

Malaysia, Thailand join Singapore’s cross-border stablecoin push

BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.Bank Negara Malaysia and the Bank of Thailand joined Si...

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fintechnews.sg /2 weeks ago

UOB and AWS to Explore AI-Driven Banking Across ASEAN

UOB has signed a MoU with Amazon Web Services (AWS) to explore developing a dedicated cloud environment in Singapore as part of a proposed hybrid infrastructure model for banking a...

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fintechnews.sg /2 weeks ago

Swift Names Execs From HSBC, Citi and JPMorgan to New Supervisory Board

Swift has overhauled its governance structure with the appointment of a new 15-member supervisory board. The board brings together senior executives from major global banks and fou...

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