Financial Services
Insurer FWD ties up with DBS for electronic claims payment via PayNow
Customers can receive payments just by providing their PayNow registered mobile number.
Insurer FWD ties up with DBS for electronic claims payment via PayNow
Customers can receive payments just by providing their PayNow registered mobile number.
Bank stocks dipped from all-time high amidst May-June lull
Singapore bank stocks have declined to 7% YTD ever since they gained 9% during their all-time high this year.
Asia beats Europe and America in private banking gains in 2017
Assets under management grew 15.2% which is almost double Europe’s 7.5%.
Singapore and Hong Kong are leading Asia's asset management charge
Their combined assets under management (AUM) hit US$91.5b in 2017.
US bond yields are going up, and here's what it means for Singapore
The yield for 10-year Singapore government bonds also jumped 58 bps YTD to 2.58%.
Japan and Hong Kong investors eye alternatives to DBS stock
Some are concerned about the bank’s “relatively high” valuations.
Asian investment banking fees plunge to four year low after hitting $4.62b in May
However, robust deal-making activity may buoy the sector from its slump.
GIC and Temasek join Ant Financial's US$14b Series C funding
This will fund its globalisation plan and talent investment in emerging markets.
Can Grab Ventures address Singapore's worsening funding gap?
There are only a handful of funds focusing on providing Series B funding.
Daily Briefing: Standard Chartered eyes merging 10 country operations in Singapore; Cancelled Singapore-Malaysia rail link to boost airline firms
And here’s how Singapore subways could get a boost from F1 technology.
Singapore develops facilities to lure investment into Asian infrastructure
It’s developing a pool of project finance loans into a collateralised loan obligation.
OCBC debuts all-digital account application
There will be no need to provide documents as it can easily link to MyInfo.
Indian banks hammered by rising credit costs amidst portfolio cleanup
Credit costs rose from 2.5% to 4.3% of loans on average at state banks.
Chart of the Day: Singapore money supply jumped 5.3% in April
It grew thanks to higher net foreign position and private credit.
Two divestments to lift OCBC's earnings in 2018
It is finalising the sale of Great Eastern Life Malaysia and Hong Kong Life Insurance.
Singapore crypto startup gets $16.46b for blockchain tech
The platform FUSION allows companies to tap into a global network and interact with other cryptocurrencies.
Chinese banks thrive on mobile payments as millennials drive cashless push
Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.
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