Financial institutions

Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat

The repository is part of the Pathfin.ai programme, first announced in July

On Sep 25, MAS sent advisory letters – which do not carry penalties – to five content creators who may have provided financial advice without a licence.

Influencers agree the ‘not financial advice’ disclaimer is insufficient, as MAS issues warnings to five content creators

But they say MAS guidelines will make them more careful about the clients they choose to work with

MAS' guidelines set out safeguards to address conduct risks in digital advertising, particularly on social media.

MAS rolls out digital ad guidelines for financial institutions, checklist for content creators

It also issues advisory letters to five content creators who may have provided financial advice without a licence

UBS said that although the Net-Zero Banking Alliance had provided valuable frameworks for initial target-setting, the bank has advanced its own capabilities and decided to leave.

UBS joins exodus from climate banking alliance

Departure from Net-Zero Banking Alliance raises questions about the group’s future

F88 plans to list on Vietnam's main bourse Ho Chi Minh Stock Exchange by 2027 with a valuation of US$1 billion

Vietnam’s F88 pawnshop chain sees shares hit ceiling in market debut

It aims to list on the country’s main stock exchange with a valuation of US$1 billion by 2027

Francois Pictet says: “Why would you make an acquisition unless you want to show growth to your shareholders? In finance, growth by hiring the right people is more effective.”

Ninth-generation Pictet leader banks on organic growth and partnerships

Carrying the family name is a privilege, but it brings its fair share of pressure too, says managing partner Francois Pictet

Bank technology partners including Visa and Mastercard are stepping up to meet demand by offering platforms to help financial institutions mint US dollar-pegged tokens.

Citigroup looks to issue its own stablecoin to smooth payments

JPMorgan Chase announced plans earlier this year to pilot its own deposit token, JPMD, using Coinbase Global-affiliated public blockchain Base

OCBC is on the way towards restoring Great Eastern’s free float while retaining a higher economic interest – all this without having to fork out additional dollars.
THINKING ALOUD

Great Eastern offer: It’s time for everyone to move on

Both the bank and the insurer are facing pressing business and operational challenges, so it’s time for them to address business at hand

From left: Professor Jun Yang. dean of Nanyang Business School at NTU; Professor Ang Wee Han. associate provost of multidisciplinary and interdisciplinary masters’ programmes at NUS; Dean Tong, head of group human resources at UOB; Minister of State for Trade and Industry Alvin Tan; Carolyn Neo, CEO of IBF; and Associate Professor Allan Chia, deputy provost at SUSS.

Financial sector taps polytechnic talent with new pathways, 300 roles in pipeline

The schemes give employers longer runways to identify potential hires, and reflect growing interest in moving beyond graduate-only hiring models in the sector

Circle’s USDC is currently the second-largest stablecoin and is available on 19 blockchains including Solana, Base, Avalanche and Algorand.

Circle plans stablecoin-powered cross border payment network

The company plans to leverage its cross-chain transfer protocol to make the network compatible with any blockchain its member institutions use