Singapore

When it comes to Asia, digitalisation is crucial for businesses to succeed. No matter what the industry, sector or location, companies must be both online and mobile to deliver the experience their customers expect.

Many commentators have pointed out the circle of money that is quantitative easing and which has been responsible, ultimately, for the record highs observed this year of the Dow Jones and FTSE equity indices. Central banks print money, which is used to buy government bonds.

Mobile wallets will be the next battleground among businesses from various sectors – including financial institutions (FIs) in the fight for ownership of the consumer relationship. 2012 witnessed the introduction of myriad mobile wallet trials, and the mobile wallet wars will only continue to grow in 2013 and beyond.

Sales increased 160% to $268 million in 2012.

You can now open an account in just 15 minutes.

The ongoing Libor scandal is one of the most serious breaches of control in an industry where risk and compliance failures are routinely front page news.

Products to finance residential and commercial and industrial properties in Johor, Melaka, Kuala Lumpur and Penang.

He will lead relationship managers for non resident Indians in Singapore and Southeast Asia.

Do the cooling measures translate to burgeoning NPLs?

More than 70% of UOB customers use the App.

Motasim Iqbal has been appointed to this position.

It's just half of 2012's feat.

He will report into David Russell.

Those of us who closely follow developments in the banking industry would know that the Association of Banks Singapore mandated last year that banks must implement chip-based technology in ATM and debit Cards by 2014. It is a move designed to protect the end-user and retain confidence in the banking system.

The Asian banking community is anxiously following the debate around the BCBS/IOSCO proposed mandatory margining of non-cleared swaps that began with the publication of Margin Requirements for Non-Centrally Cleared Derivatives in July 2012 and has been followed up by a near final “Second Consultative Paper on Margin Requirements for Non-Centrally Cleared Derivatives”, published in February 2013.

There is a common misconception that there is a huge difference in pace and culture between Asian and foreign multinational banks. However, with the tables turned post global financial crisis, some Asian banks have aggressively expanded, invested in product suites and platforms, and hired some strong foreign talent – leading to a strong competitive edge over foreign banks. With Asia being the key driver of economic growth across the world, now may be a good time to consider opportunities in an Asian bank.