Financial Services
Singapore snaps up lion's share of ASEAN fintech funding at US$222m in January-October 2018
Firms specialising in SME financing and wealth management services lured significant investor interest.
Singapore snaps up lion's share of ASEAN fintech funding at US$222m in January-October 2018
Firms specialising in SME financing and wealth management services lured significant investor interest.
Bank of China unveils global fintech innovation lab
It aims to showcase AI, blockchain, big data and cloud technologies.
Australia's Westpac launches Singapore innovation lab
co.lab will help Australian fintechs crack the Asian market.
MAS inks deal to promote inclusive financial services
It hopes to open dialogue on the benefits of fintech collaborations between Latin America and the Caribbean and ASEAN.
Singapore-based US banks beef up cybersecurity roles
JP Morgan, Citi and BAML are more vulnerable to threats than homegrown lenders.
MAS and IMDA unveil global solutions hub to foster SME digitisation
Business sans Borders will provide digital services and connections to SMEs to boost local and global trade.
Razer Pay to debut at NETS POS terminals in 2019
Singapore users will be able to pay their bills, purchase movie or concert tickets and access gaming codes.
Grab and UOB form digital payments service alliance
Customers can pay and top up their GrabPay wallets directly from their UOB bank accounts.
DBS and Go-Jek tie up to work on payment services
The collaboration will extend to other SEA countries.
Chart of the Day: Singapore bank NIMs set to widen to 1.98% in 2020
However, this is still lower than the 2008 average.
MAS and SGX unfold blockchain technology for tokenised assets
It will simplify post-trade processes and shorten settlement cycles.
Singapore bank loan growth to slow to 3% in 2019
Trade tensions and higher interest rates will dampen borrowing.
Daily Briefing: Fintech startup Fundnel gets green light from Malaysia; Temasek joins $205m funding for Brazilian VC fund
And vegan consumer platform abillionVeg raises $700,000 from eight investors.
Singaporeans are less satisfied with their credit cards in 2018
Overall satisfaction levels fell by 9 points to 718.
Daily Briefing: Singapore chips in for Asia's superapp charge; Staff costs in DBS slipped 1.5% in September
And cross-border payments startup Wallex secures remittance licence from MAS.
UOB opens new headquarters in Shanghai
UOB Plaza is the first office building owned by a foreign bank in the Lujiazui Financial District.
Daily Briefing: OCBC's 4.5% salary hike extends losing streak to UOB and DBS; PM Lee refutes Singapore as post-Brexit model for UK
And US-based MassMutual Ventures opens its Singapore office.
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