Tag "uob"
Visa, UOB, and Doxa Partner to Accelerate Contractor Payments in APAC
Visa has teamed up with United Overseas Bank Limited (UOB) and the Singapore-based fintech company Doxa to offer a payment solution for contractors in the Asia Pacific region. This collaboration is aimed at providing faster and more efficient access to
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Citi Wraps Up Asian Consumer Banking Exit with Sale to UOB Indonesia
Citi has officially completed the transfer of its consumer banking operations in Indonesia to United Overseas Bank Indonesia (UOBI), in a move marking its ninth and final sale in its strategic refresh plan. This sale, which includes Citi’s retail banking,
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Early-Stage Fintechs Grab Half of ASEAN Funding as Green Fintechs Gain Traction
According to the recent “Fintech in ASEAN 2023: Seeding the Green Transition” report, jointly released by UOB, PwC Singapore, and the Singapore Fintech Association (SFA), there is a growing interest in sustainable finance solutions despite the broader funding winter affecting
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MAS Unveils Five New Industry Pilots Under Project Guardian
The Monetary Authority of Singapore (MAS) has teamed up with the financial industry to expand initiatives related to asset tokenisation. The goal is to enhance the foundational capabilities necessary to scale tokenised markets, ultimately driving institutional adoption of digital assets.
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UOB Online Banking Suffers Disruptions on Saturday, Back Up By Midday
The United Overseas Bank (UOB) experienced sporadic disruptions with its online banking platforms last Saturday (4 November), according to a report by The Business Times. Users began reporting difficulties in accessing the bank’s mobile and internet banking services around midday,
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UOB on Track to Achieve Net Zero by 2050
UOB today released its first net zero progress report, showing that the bank is on track to meet its 2050 net zero target. The report shows that the bank has reduced emissions intensities across all five of its focus sectors:
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FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot
Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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UOB’s FinLab Officially Launches in Vietnam
UOB’s innovation accelerator The FinLab has officially launched in Vietnam where it aims to engage 5,000 local businesses over the next three years through its digitalisation and sustainability initiatives. The UOB FinLab held its inaugural programme yesterday (13 June) in
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Singapore Passes MAS’ Bill on ‘COSMIC’ to Gather Info on “Red Flag” Customers
The Singapore parliament has passed the Monetary Authority of Singapore’s (MAS) bill to establish the COSMIC platform. COSMIC is a secure digital platform for financial institutions to share with one another, information on customers who exhibit multiple “red flags” that
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