News
AI exposes wealth advisers" 70% admin drag
6+ hour, 22+ min ago (354+ words) Deloitte says relationship work takes only about 30% of current schedules. Artificial intelligence (AI) could significantly increase adviser productivity in the wealth management industry, as wealth advisers currently spend nearly 70% of their time on administrative and operational tasks, leaving only about…...
Singapore banks stretch hiring as caution deepens
5+ hour, 22+ min ago (1023+ words) Headcount across 15 lenders rose just 0. 005% in 2025. Senior banking roles in Singapore are now going through as many as nine interview rounds as lenders slow hiring decisions, tighten budgets and extend approval chains amid near-flat workforce growth across the sector. Banks…...
Fraud checks shift as transactions move in real time
18+ hour, 46+ min ago (340+ words) Globe Business monitors logins API requests traces and system health. Philippine banks and insurers are accelerating investments in streaming data systems as rising digital transactions increase pressure to detect fraud instantly, reduce delays, and meet customer expectations shaped by e-wallets…...
US$1t unused credit card points risk losing redemption value
18+ hour, 30+ min ago (339+ words) Tribuescape says airlines and hotels can expire balances or change redemption rules without warning. Unused travel credit card loyalty points are becoming a consumer finance issue as airlines and hotel groups retain control over balances that can lose value through…...
UOB inks MOU with Vietnam's FPT to modernise banking with AI and cloud
1+ day, 1+ min ago (106+ words) They seek to modernise banking services in UOB's key markets. UOB has signed a memorandum of understanding (MOU) with FPT Corporation, a Vietnam-headquartered technology and IT services provider, to modernise its banking services. The Mo U will also establish a…...
Tool dependence leaves institutions with cyber gaps
22+ hour, 46+ min ago (338+ words) Cyber awareness must reach receptionists and CEOs as AI attacks target humans not just systems. AI-driven attacks are pushing financial institutions beyond perimeter security as threats move from firewalls and web applications to identity, data and employees. According to Shivkrishna…...
US$1t unused points risk losing redemption value
22+ hour, 57+ min ago (335+ words) Tribuescape says airlines and hotels can expire balances or change redemption rules without warning. Unused travel loyalty points are becoming a consumer finance issue as airlines and hotel groups retain control over balances that can lose value through expiry, redemption…...
UOB builds new Ho Chi Minh HQ
23+ hour, 10+ min ago (176+ words) CEO Wee Ee Cheong met with Vietnam President To Lam on 30 May. UOB is building a new headquarters in Ho Chi Minh City, Vietnam with a groundbreaking ceremony scheduled for July 2026. The Singapore-headquartered bank has been operating in Vietnam for…...
Australia's Big 4 stockpiles $22. 8b amidst Middle East war fears
1+ day, 1+ hour ago (350+ words) Business lending tops 34% whilst homebuyers still prefer brokers. Australia's four biggest banks set aside $22. 8b in the first six months of 2026 as the Middle East war persists. "Banks are provisioning for deterioration they expect but cannot yet see in their portfolios,…...
How are banks strengthening buffers against oil price shocks?
4+ day, 5+ hour ago (781+ words) China-based banks will likely bear the largest impact. Most banks are expected to withstand existing pressures through the end of May, assuming an agreement is reached to ease the effective blockage of the Strait of Hormuz, a S&P Global…...