Tag "uob"
Money Lock Safeguarded S$6.6B Across Over 78,000 Singapore Accounts
Since the launch of the Money Lock feature by three local banks – OCBC, DBS, and UOB – in November, over 78,000 accounts have been established with more than S$6.6 billion of savings securely set aside as of March 2024.
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COSMIC Platform Goes Live in Singapore to Combat Financial Crime
The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The system, which became operational today
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UOB Data Shows Increased Spending Power, Financial Savvy Among Singaporean Women
Recent data from the United Overseas Bank (UOB) highlights a significant increase in women’s economic influence in Singapore over the past five years, aligning with International Women’s Day celebrations. UOB’s analysis reveals a 70% surge in total billings for the
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Three Singapore Banks Step Up to Combat Rising Cost of Living for Junior Staff
Three of Singapore’s leading banks have announced substantial financial aid packages in a move to support junior employees during times of economic inflation. This initiative, kick-started by DBS, followed by OCBC, and then UOB, is in response to the latest
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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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