Tag "uob"
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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UOB Invests S$500 Million to Build Innovation Center in Punggol Digital District
UOB will invest more than S$500 million to be the first local bank to establish a presence in JTC’s Punggol Digital District (PDD), Singapore’s first smart and sustainable business district. The 300,000 square feet center is targeted to be completed
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UOB and Lazada Collaborate to Offer Loans for Sellers, Co-branded Credit Cards
UOB and Lazada Group will collaborate on retail products and banking solutions for their combined customer base in five key Southeast Asian markets, namely Singapore, Malaysia, Indonesia, Thailand and Vietnam. This will be Lazada’s first partnership with a bank across
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UOB Completes Citi’s Consumer Banking Acquisition Deal in Vietnam
UOB has finalised the acquisition of Citigroup’s consumer banking business which comprises its lending portfolios, wealth management and retail deposit businesses in Vietnam. The completion of the acquisition had also included the transfer of approximately 575 Citigroup related staff to
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DBS, OCBC and UOB Carve Out a Place on the Sustainability Perceptions Index
DBS Group, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) were the three Singapore banks that managed to snag a place on the Brand Finance Sustainability Perceptions Index. The study, which was released in association with the International Advertising
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UOB Vietnam Partners Mental Health Startup Intellect to Support Its SME Customers
UOB Vietnam has partnered with mental wellness tech company Intellect to enable its small and medium-sized enterprise (SME) customers to provide well-being support for their employees. The bank said that it aims to develop resilience amongst SMEs which form nearly
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ADDX Fractionalises UOB and Temasek’s Venture Debt Fund to US$20,000
Global private market exchange ADDX announced that it has fractionalised a venture debt fund by Innoven Capital which is a joint venture between a Temasek Holdings‘ subsidiary Seviora and UOB. This move brings down the minimum subscription size for individual
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