Press

15 November 2017

HSBC Private Bank Settles in France

Published by Finews.asia – 15th Nov 2017

HSBC’s Swiss private bank said it is ending a long-running French investigation over offshore accounts by paying a fine. The agreement raises the specter of a settlement for larger rival UBS.

14 November 2017

Consortium led by MAS, ABS shares blockchain source codes to spur innovation in inter-bank payments

Published by The Straits Times – 14th Nov 2017

SINGAPORE – A financial industry consortium that developed three different blockchain models for inter-bank payments has publicly released these prototypes’ source codes.

13 November 2017

OCBC tech team grapples with future of banking

Published by The Straits Times – 13th Nov 2017

It started out as a side project for a handful of enthusiasts who wanted to try building an app, but just five years on, the initiative has become a key growth driver for OCBC bank.

13 November 2017

OCBC Completes Wealth Deal

Published by Finews.asia – 13th Nov 2017

Oversea-Chinese Banking Corporation has completed the acquisition of National Australia Bank’s Private Wealth business in Singapore.

10 November 2017

J Safra Sarasin appoints new managing director

Published by Hubbis– 10th Nov 2017

Bellen Chang has been hired as managing director, client advisory in the Ultra High Net Worth (UHNW) team and will focus on the Philippines.

10 November 2017

CIMB’s Nazir Razak said to plan S$1.4b South-east Asia fund, based in Singapore

Published by The Straits Times – 10th Nov 2017

KUALA LUMPUR (BLOOMBERG) – Nazir Razak, chairman of CIMB Group Holdings and brother of Malaysia’s prime minister, is helping to start a regional private equity fund that will seek as much as US$1 billion (S$1.36 billion), people with knowledge of the matter said.

9 November 2017

UBS Veteran Takes on Fixed Income Role

Published by Finews.asia – 9th Nov 2017

A 30-year veteran veteran bond expert at the Swiss bank has taken on a key fixed income role in asset management, finews.asia has learned.

8 November 2017

OCBC sees AI payoff in transaction monitoring

Published by The Straits Times – 8th Nov 2017

OCBC Bank is stepping up its collaboration with an Israeli fintech firm to employ artificial intelligence (AI) and machine learning to combat financial crime.

7 November 2017

Barclays fails to end US ‘dark pool’ class action

Published by Channel News Asia –7th Nov 2017

Barclays Plc has failed to persuade a U.S. appeals court to unwind a class action lawsuit accusing the British bank of defrauding shareholders about its private “dark pool” trading platforms.

7 November 2017

OCBC partners AI fintech ThetaRay to detect suspicious fund flows

Published by The Straits Times – 7th Nov 2017

SINGAPORE – OCBC Bank is raising the bar on using artificial intelligence (AI) and machine learning to combat financial crime, as it works with an Israeli fintech to boost the bank’s operational efficiency and accuracy in the detection of suspicious transactions.