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In The Feature


Eight Singapore banks to participate in new eGIRO launch

Eight Singapore banks will participate in the initial launch of the Association of Banks in Singapore’s (ABS) eGIRO launch, an initiative to fully digitise the GIRO process.

The eight banks who will be part of the initial phase will be the Bank of China, DBS Bank/POSB, The Hongkong and Shanghai Banking Corporation Limited, Industrial and Commercial Bank of China, Maybank, OCBC Bank, Standard Chartered Bank and UOB Bank.


New paperless eGiro service to cut processing time from weeks to minutes

SINGAPORE — Setting up and terminating recurring Giro payments may soon take just minutes through a new nationwide eGiro service launched on Monday (Nov 8), down from weeks under the present paper-based process.

Starting Monday, the new eGiro digital service will be offered progressively by eight major banks including DBS, OCBC and UOB.

The Business Times

Singapore sets aside an additional S$180m for AI research; launches two new AI programmes

SINGAPORE will set aside an additional S$180 million on top of the S$500 million committed for artificial intelligence (AI) research, said Deputy Prime Minister, Heng Swee Keat at the Singapore Fintech Festival x Singapore Week of Innovation and Technology 2021.

The Business Times

New eGiro service to cut application process from weeks to minutes

SINGAPORE – A new nationwide eGiro service was launched on Monday (Nov 8) that cuts the time taken to process Giro applications from weeks to just minutes.

Instead of filling in paper application forms and mailing them, the fully digital service allows users to set up their automatic monthly payment instructions online, the Association of Banks in Singapore (ABS)…