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Banks and financial institutions

Digital bank GXS cuts 82 jobs across the group, about 10% of its workforce

The Straits Times understands that staff in Malaysia and Singapore will be impacted by the cuts.
The Straits Times understands that staff in Malaysia and Singapore will be impacted by the cuts.

DBS, OCBC and others owed $306m by S’pore car-sharing service Shariot and related firms

ST20251126_202526900461 Azmi Athni ntautobahn26//

Cars parked inside Autobahn Rent A Car office (centre) at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI
ST20251126_202526900461 Azmi Athni ntautobahn26//

Cars parked inside Autobahn Rent A Car office (centre) at Mountbatten on Nov 26, 2025. 

ST PHOTO: AZMI ATHNI

OCBC app users will be able to scan WeChat Pay QR codes to pay merchants in China

It builds on the app’s existing ability to scan and pay through Alipay+ and UnionPay merchant QR codes.
It builds on the app’s existing ability to scan and pay through Alipay+ and UnionPay merchant QR codes.

CEO Insights

Backing start-ups crucial for Singapore’s innovation push, despite higher risks: HSBC chief

Singapore, a global innovation hub, plays an important role in HSBC’s global strategy, and as the bank expands in Asia-Pacific.
Singapore, a global innovation hub, plays an important role in HSBC’s global strategy, and as the bank expands in Asia-Pacific.

SMRT, UOB team up to help retailers improve cash flow, gain access to digital, financial solutions

SMRT Corporation and UOB signed a Memorandum of Understanding on Nov 25, 2025 to integrate financial and digital solutions to support small and medium businesses within SMRT’s transit network, while also expanding connectivity options such as limousine and taxi bookings.

Credit UOB
SMRT Corporation and UOB signed a Memorandum of Understanding on Nov 25, 2025 to integrate financial and digital solutions to support small and medium businesses within SMRT’s transit network, while also expanding connectivity options such as limousine and taxi bookings.

Credit UOB

OCBC rolls out in-app calls for retail banking customers amid anti-fraud push

In-app calls are significantly harder for scammers to replicate and will help customers distinguish genuine calls from the bank from fraudulent ones.
In-app calls are significantly harder for scammers to replicate and will help customers distinguish genuine calls from the bank from fraudulent ones.

Forum: Banks will keep refining safeguards to balance convenience and security

When joint bank accounts with relatives can still be shared by ex-spouses

 In a dispute, joint bank account owners must still prove their entitlement to the funds because the law will not automatically define who owns the money.
 In a dispute, joint bank account owners must still prove their entitlement to the funds because the law will not automatically define who owns the money.

OCBC app adds 8 digital wallets across S-E Asia as bank aims to hit target of 50 globally

Coins, GCash and PayMaya of The Philippines, Indonesia’s GoPay, LinkAja and Ovo, as well as Vietnam’s Momo and Malaysia’s Touch ‘n Go will join the ecosystem.
Coins, GCash and PayMaya of The Philippines, Indonesia’s GoPay, LinkAja and Ovo, as well as Vietnam’s Momo and Malaysia’s Touch ‘n Go will join the ecosystem.

China’s top investment bank CICC plans three-way merger to compete with global giants

China International Capital Corp plans to combine with two smaller brokerages to strengthen its ability to compete with global banking giants.
China International Capital Corp plans to combine with two smaller brokerages to strengthen its ability to compete with global banking giants.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.