New survey shows mobile apps represent the next battlefield for Hong Kong''s banks

02:54am, Monday, 22'nd Nov 2021 PR Newswire Asia (English)
Consultancy firm Sia Partners ranks seven Hong Kong mobile banking apps in its regional top ten, with Mox Bank at number one Both traditional and virtual banks look to differentiate themselves in a crowded market as competitive rivalry heats up HONG KONG , Nov. 22, 2021 /PRNewswire/ -- Sia Partners has today announced the Asia results of its annual mobile banking benchmark. The survey shows Mox Bank , DBS SGP and Livi Bank standing out as regional leaders, though overall a gap between Asian and European players remains. In the Sia Partners 2021 Mobile Banking Benchmark , 135 banks across 17 countries were assessed to understand the present state of mobile banking globally, including 16 banks from Hong Kong and six from Singapore . This is the fourth consecutive year the firm has conducted the survey. In Hong Kong , Mox Bank , Livi Bank and Hang Seng Bank take the top three places for mobile banking services. Overall for Asia , Sia Partners allocates top ten spots to seven Hong Kong banks and three Singapore banks.

DBS Group (OTCMKTS:DBSDY) Reaches New 1-Year High at $98.67

02:34pm, Saturday, 20'th Nov 2021 Dakota Financial News
DBS Group Holdings Ltd (OTCMKTS:DBSDY) reached a new 52-week high on Thursday . The company traded as high as $98.67 and last traded at $95.50, with a volume of 35963 shares. The stock had previously closed at $94.88. Several research firms have recently commented on DBSDY. The Goldman Sachs Group upgraded DBS Group from a []
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DBS Exec to Lead Carbon Credits Exchange

07:27am, Wednesday, 17'th Nov 2021 Finews Asia
He was most recently DBS'' group chief sustainability officer, responsible for developing the bank''s sustainability framework and driving sustainability initiatives. Climate Impact X (CIX) has announced the appointment of Mikkel Larsen as chief executive officer, effective immediately, according to an announcement on Wednesday. Larsen has been interim CEO of the platform, a joint venture between DBS Bank, Singapore Exchange (SGX), Standard Chartered and Temasek, since May 2021. Before his nine years at DBS, Larsen spent over seven years at UBS, leaving as CFO of Asia-Pacific, and previously held roles at Citibank in London, and KPMG. Environmental Impact In his new role, Larsen will oversee all day-to-day operations for CIX, including collaborating with its ecosystem of technology partners to build up its Project Marketplace and Exchange platforms as well as curating a pipeline of high-quality carbon credit projects to feature on its platforms. He will also drive the company''s culture, values, and behaviour while building up a high-performing team passionate about catalysing scalable sustainable solutions. «The carbon market is going through a transition.

DBS Group (OTCMKTS:DBSDY) Lifted to Conviction-Buy at The Goldman Sachs Group

06:02am, Wednesday, 17'th Nov 2021 Dakota Financial News
DBS Group (OTCMKTS:DBSDY) was upgraded by equities research analysts at The Goldman Sachs Group from a neutral rating to a conviction-buy rating in a research report issued on Monday, The Fly reports. Separately, Zacks Investment Research raised DBS Group from a hold rating to a buy rating and set a $107.00 price target for the []

NYSE, DBS, PIMCO, UBS Executives on Inflation

03:39am, Wednesday, 17'th Nov 2021 The Global Herald
Bloomberg Markets and Finance published this video item, Read more
The heads of two global banks predicted an uncertain time ahead for the world economy as inflation rises and persists.

Homegrown Crypto Exchange Secures In-Principal Approval

02:14am, Tuesday, 16'th Nov 2021 Finews Asia
The homegrown platform is the first local non-bank crypto exchange to announce that it has received this in-principal approval from the Monetary Authority of Singapore. Coinhako will be regulated under the Payment Services Act (PSA) to operate as a provider for Digital Payment Token (DPT) services in Singapore, it announced in a statement on Tuesday. The exchange is currently working through the conditions of its in-principle approval with a view towards meeting MAS requirements to receive the Major Payment Institution Licence to provide DPT services in Singapore, the announcement said. «Coinhako recognised very early on that the industry would move towards regulation and the team has worked very hard over the years to ensure that the business is developed in a compliant manner,» Collin Cheong , Coinhako corporate development director, said. Explosive Growth Launched in 2014, Coinhako offers both fiat-to-crypto and crypto-to-crypto trading services with a digital wallet for retail traders.

DBS Group: Steady Results In Third Quarter 2021

08:02pm, Monday, 15'th Nov 2021 Seeking Alpha

Pictet Expands North Asia Private Banking Coverage

02:37am, Monday, 15'th Nov 2021 Finews Asia
Pictet''s wealth management division has made a raft of hires covering the North Asia market out of both Hong Kong and Singapore, according to an internal memo seen by finews.asia . In Singapore, Pictet Wealth Management (PWM) has formed a new team covering North Asia with three former UOB private bankers, according to an internal memo seen by finews.asia . UOBs ex-North Asia market head Eric Phua has been appointed market group head, reporting to head of South Asia Sharon Chou . Phua has over 20 years of private banking experience and, in addition to UOB, previously also worked for Citi Private Bank a Citi International Personal Bank in Singapore covering the China and Taiwan markets. UOB Trio Joining Phua from UOB Private Bank are Jaime Ang as market leader and Bernard Bay as a senior private banker. Ang was most recently a senior client advisor at UOB covering private banking clients from North Asia for 10 years. Previously, she was also a senior relationship manager at Citi International Personal Bank and DBS.
Piyush Gupta, CEO of DBS Group Holdings, says interest rates could pick up in the coming months as central banks show a bias toward policy tightening.
CNYA: Gain Diversification Through MSCI China A-Shares
Taimur Baig of DBS Group Research says China has been very tactical in making policies these years.
According to Globus Medica (GMED), the clinical superiority of ExcelsiusGPS continues to be recognized by surgeons.
DBS Bank, in conjunction with SWIFT Global Payments Innovation, is offering up-to-the-minute online tracking for cross-border payments, the company announced in a Monday (Sept. 13) press release.
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