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Singapore Launches Unified Payments Entity SPaN to Streamline Open Banking and Payment Infrastructure

Singapore Launches Unified Payments Entity SPaN to Streamline Open Banking and Payment Infrastructure

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have officially incorporated a new entity—Singapore Payments Network (SPaN)—to centralize administration and governance of the nation's core payment schemes.

Aurora AI Bank Becomes Singapore’s First Fully AI-Driven Digital Bank After MAS Approval

Aurora AI Bank Becomes Singapore’s First Fully AI-Driven Digital Bank After MAS Approval

Singapore’s Monetary Authority (MAS) has granted a full digital-bank license to Aurora AI Bank, the nation’s first financial institution built from the ground up around artificial intelligence.

Singapore Banks Face New Stress Tests as U.S. Regional Bank Turmoil Sends Ripples Through Asia

Singapore Banks Face New Stress Tests as U.S. Regional Bank Turmoil Sends Ripples Through Asia

After a wave of liquidity concerns and credit downgrades hit several U.S. regional banks, Singapore’s Monetary Authority (MAS) has announced a comprehensive stress-testing program for domestic and foreign banks operating locally.

Singapore’s Central Bank Unveils Upgraded Open Banking Framework to Strengthen Data-Sharing and Sec

Singapore’s Central Bank Unveils Upgraded Open Banking Framework to Strengthen Data-Sharing and Sec

The Monetary Authority of Singapore (MAS) has announced an enhanced Open Banking framework aimed at unifying technical standards, reinforcing data privacy and cybersecurity rules, and broadening participation to more financial technology providers. Th

Singapore to Restrict Scam Mules Access to Banking and Mobile Services, Phased from October

Singapore to Restrict Scam Mules Access to Banking and Mobile Services, Phased from October

Singapore authorities unveiled a “facility restriction framework” that will limit scam mules’ access to services frequently abused in fraud—digital banking, card/ATM usage, and mobile line subscriptions—with Singpass/Corppass limits to follo

MAS and HKMA Sign MoU to Deepen Cross-Border Banking Supervision

MAS and HKMA Sign MoU to Deepen Cross-Border Banking Supervision

Singapore’s Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Understanding (MoU) to strengthen supervision of banks with operations across both financial centres.

OCBC Taps Insider Tan Teck Long as Next CEO as Helen Wong Prepares to Retire

OCBC Taps Insider Tan Teck Long as Next CEO as Helen Wong Prepares to Retire

Singapore’s OCBC announced that Tan Teck Long , currently head of global wholesale banking, will succeed Helen Wong as CEO upon her retirement at the end of 2025. Tan will serve as deputy CEO until officially taking over leadership. Helen Wong, OCB

OCBC Reports Q2 2025 Profit Decline Amid Net Interest Income Drop

OCBC Reports Q2 2025 Profit Decline Amid Net Interest Income Drop

In the second quarter of 2025, Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest bank, reported a 7% year-on-year net profit decline , earning S$1.82 billion (US$1.40 billion), in line with analyst expectations. The decrease was prima

OCBC Invests in Cybersecurity Upgrades Amid Rising Digital Banking Threats

OCBC Invests in Cybersecurity Upgrades Amid Rising Digital Banking Threats

OCBC Bank has announced a major investment in cybersecurity infrastructure following a surge in digital banking fraud cases across Asia. The program will include enhanced biometric authentication, real-time fraud detection algorithms, and consumer ed

Standard Chartered Partners with Grab to Expand Digital Lending in Southeast Asia

Standard Chartered Partners with Grab to Expand Digital Lending in Southeast Asia

Standard Chartered Bank has deepened its partnership with Grab to roll out digital lending products across multiple Southeast Asian markets. The collaboration includes personal loans, working capital financing, and merchant credit solutions accessibl