Financial Services
Daily Briefing: Singapore to build floating homes; Finance startup Silot completes US$8m series A round
And here’s why revising CPF rule could not resolve the long term issue of lease expiry.
Daily Briefing: Singapore to build floating homes; Finance startup Silot completes US$8m series A round
And here’s why revising CPF rule could not resolve the long term issue of lease expiry.
Cash is still king in Singapore as reluctant elders shun mobile apps
Security concerns in using mobile banking apps rose from 34% in 2017 to 41% in 2018.
LTA to roll out account-based ticketing system SimplyGo on 4 April
Commuters can use their contactless bank cards as their travel card on public transport.
MAS unveils changes to senior management team
Edward Robinson and Chia Der Jiun will assume deputy managing director positions.
UOB launches programme to help Thai SMEs digitise
SMEs can access digital tools and financing opportunities through the scheme.
Singapore bank NIMs to widen despite rising costs
SIBOR has risen 6bps YTD and is expected to rise further due to Singapore Savings Bonds.
P2P lender Validus Capital clinches $20.5m in oversubscribed Series B round
The funding proceeds will be used to enhance its AI and machine learning capabilities.
ESR REIT bags $155m unsecured loan facility
Australia and New Zealand Banking Group, CTBC Bank, and Standard Chartered acted as lenders.
Singapore-based IIX launches US$100m bonds with Australian government
The bond programme will support the livelihoods of 1 million women in Asia.
Insurance gross premiums climbed 3.4% to $3.81b in 2018
The motor insurance segment’s underwriting profit jumped 137% to $9.96m.
GIA offers rewards of up to $10,000 for insurance fraud tip-off
Individuals with knowledge of wrongdoing should submit documentary evidence.
DBS Bank to set up over 100 touchpoints in India
The bank plans to open nine new branches in March alone.
AXA Insurance Singapore unveils executive committee appointments
Kevin Leong will serve as managing director for the commercial lines business.
Symbo launches digital insurance platform in Singapore
It aims to launch in Indonesia, Malaysia and Southeast Asia.
Bank loans fell 4.2% in January
Consumer loan growth dipped to 0.7% whilst business loans increased 5%.
Union Bancaire Privée nabs wholesale bank license in Singapore
UBP will soon offer SGD services like deposits and loans.
Gaming company Razer trials e-wallet platform in Singapore
It partnered with FOMO Pay to enable mobile pay acceptance at more than 4,000 merchants.
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