HOCK LOCK SIEW

THERE is gnawing unease when it comes to the use of artificial intelligence (AI) for data processing by financial institutions. But as the AI principles launched by the Monetary Authority of...

IN the last 45 years, the banking industry has played a key role in Singapore's remarkable transformation into a global financial hub, with its contribution to the country's GDP increasing...

BANK EARNINGS

WHAT has driven bullish calls on banks is the view that banks would clearly benefit from the rate normalisation process, following a decade of extraordinarily low rates.

DBS Bank chief executive officer Piyush Gupta has flagged that the mortgage business is expected to see more pressure than earlier expected, with new bookings slowing and as drawdowns on home loans...

DBS chief executive officer Piyush Gupta said on Monday the mortgage business is expected to slow down more than earlier expected. 

DBS Group Holdings on Monday reported that third-quarter net profit rose 76 per cent to S$1.41 billion, compared to S$802 million for the same period a year ago, when accelerated allowances had been...

THE Monetary Authority of Singapore (MAS) has hit a snag with its proposed centralised know-your-customer (KYC) utility that it had hoped to launch this year.

GOING CASHLESS

A LONG-AWAITED piece is finally in place that will get Singapore's electronic payments transformation going...

GOING CASHLESS

A LONG-AWAITED piece is finally in place that will get Singapore's electronic payments transformation going...

HOCK LOCK SIEW

THERE are no signs of real haste from global regulators in keeping financial technology (fintech) firms in further check. Yet, it may be time for regulators here to expand their supervisory scope, as...