Hitachi and BTMU cheque mates for blockchain digitalisation

Bank of Tokyo-Mitsubishi UFJ

Hitachi and the Bank of Tokyo-Mitsubishi UFJ (BTMU) have started proof of concept (PoC) testing for using blockchain in the digitalisation of cheques in Singapore. In this PoC testing, Hitachi and BTMU developed a system in which a blockchain infrastructure is used for issuing, transferring and collecting electronic cheques. BTMU issues and settles them, while […]

Singapore start-ups soar with OCBC support

Singapore-listed stocks can now be traded in London

OCBC Bank’s fintech accelerator programme, the Open Vault, will pilot tests with three start-ups – Fincast, BondIT and CogniCor. The tests involve wealth management and artificial intelligence (AI) solutions and will begin in the fourth quarter of this year, and will last for three months. Samuel Tsien, OCBC Bank’s group CEO, says: “Deploying these solutions […]

DBS heads to cloud with Amazon Web Services


Singapore-based DBS Bank has signed an agreement with Amazon Web Services (AWS) to use its cloud technology. The bank envisages shifting up to 50% of its computer workload to cloud within a two-year period. With this deal, DBS will create a hybrid cloud environment “optimised” for rapid changes of capacity and functionality, which is “complementary” […]

MIT on TRAC with OCBC Bank for trade finance

Maggie Cheong, head of transaction and collateral management-global commodities finance at OCBC

Swiss vendor MIT (Micro-Informatique & Technologies) has signed a contract with OCBC Bank to support its commodity trade finance business with its TRAC (Trade Risk Active Control) system. Maggie Cheong, head of transaction and collateral management, global commodities finance at OCBC, explains the bank’s choice: “We have chosen the TRAC system as it provides the […]

Singapore Exchange and EBS Market to build bridge between FX OTC and futures

Singapore's SGX and EBS Market are targeting OTC business

The Singapore Exchange is to launch FX block futures on ICAP’s FX platform EBS Market, in a deal the two companies say will bridge the FX OTC and futures markets. The move comes as regulators around the world seek to move as much trading activity towards cleared platforms as possible, as part of the ongoing G20 reform agenda.

The Big Red Dot: a guide to Singapore


A prosperous, clean and safe place to visit, Singapore also offers a wide variety of culinary delights. 

CLTX Singapore rolls out commodity futures platform

Singapore's CLTX platform will be supported by Deutsche Borse's infrastructure

Singapore futures market Cleartrade Exchange has launched a new matching and trading platform, CLTX Trader, which will go live on Deutsche Börse’s global trading architecture. The exchange says the new technology will help support more advanced trading strategies for commodity derivatives.

DBS Bank Singapore overhauls anti-crime tools

Singapore-based Standard Chartered aims to achieve collateral efficiencies

Singapore’ DBS Bank has begun a major overhaul of its financial crime prevention strategy, as the bank seeks to upgrade its suspicious activity monitoring, due diligence and risk tools.

Case study: Exporting payments excellence


The Singapore challenge Singapore is an advanced economy that employs a variety of clearing and settlement systems. It needed to transform its payments infrastructure to offer instant interbank transfers. The core technology VocaLink could deliver a practical solution, Immediate Payments (IPS), and also offer practical support during the implementation and beyond. BCS could embed IPS […]

The rise of the Asian superbroker

Steve Grob is group strategy director at Fidessa

As the global banks grapple with tides of regulation, fines, and a myriad of other post-crisis issues, local Asian institutions are tooling up and stepping in to fill the gaps.