Financial Services

The future of payments in Singapore's Smart Nation

At this year’s National Day Rally on 20 August, when Prime Minister Lee Hsien Loong spoke about the most important challenges and opportunities facing...

The future of payments in Singapore's Smart Nation

At this year’s National Day Rally on 20 August, when Prime Minister Lee Hsien Loong spoke about the most important challenges and opportunities facing...

Why Singapore's accountants need to embrace the cloud before they can take advantage of AI

Singapore climbed the rankings to be the second most cloud ready environment in Asia, according to the latest edition of the Asia Cloud Computing...

Net trading income to boost Singapore banks' profits

The banks' trading income CAGRs were 15–33% between 2011-2016.

CCT converts $4m of its 2.5% convertible bonds

Shareholders exercised conversion rights.

Singapore lags its Asia Pacific peers in mobile wallet usage

Only 28% of Singaporeans used mobile wallets in 2016.

AutoWealth launches robo-advisor financial investment service after multi-million seed round valuation

It mimics a human financial planner, and it is set to disrupt the S$594 billion financial advisory market in Singapore.

Three things that could drive Singapore banks' higher ROEs

Analysts see earnings visibility ahead for Singapore banks.

DBS turns Indian franchise into wholly-owned unit

It plans to build 75-90 branches in India.

Big three banks ink MOUs with Chongqing financial institutions

It will usher in financial collaboration between the two cities.

Hong Kong, Singapore eye grabbing a bigger share of the $540t derivatives business

Regulators have been in talks with the ASIFMA over the past five months.

Bank loans growth falls to 5.9% in July

Lower business loans slowed overall growth.

Far Eastern Bank completes merger with UOB

It will be implemented on 01 October 2017.

Fintech startup SingX raises $4.5m in 2nd round funding

SingX is setting its sights overseas as it eyes expansion to Malaysia and Hong Kong.

Why Singapore banks will still be laden with O&G woes

Every 10bps increase in credit cost estimate will cause a 7% cut in net profits.

Payments Council to create common QR code for Singapore

Banks and payment providers will collaborate to create the QR code.