Financial Services

MAS partners with banks, tech on quantum security enhancement

The central bank also launched a grant scheme to fund quantum projects. The Monetary Authority of Singapore (MAS) signed an agreement with DBS...

MAS partners with banks, tech on quantum security enhancement

The central bank also launched a grant scheme to fund quantum projects. The Monetary Authority of Singapore (MAS) signed an agreement with DBS...

UOB seeks to double wealth AUM, trade loans by 2026

It aims to be the number 1 cross-border trade bank in ASEAN.

DBS and J.P Morgan top choice of banking employers: survey

Meanwhile, Goldman Sachs only ranked fifth despite competitive compensation.

MAS taps EY to screen family office tax incentive applications

EY will check family offices for links to money laundering, terrorism financing, and other offences.

Citi Singapore nets ex-DBS COO as new CEO

She is also the new wealth head for the South Asia cluster.

Mobile fintech penetration at 45%: study

It is expected to reach 48% by the end of 2030.

UOB prices $860m unsecured notes due 2028

The issue date of the notes is on 8 August 2024.

Revolut unveils money management platform in Singapore

Businesses can hold over 25 currencies and access over 150 more.

Capitaland Ascott Trust secures $165m OCBC 1.5°C loan 

It is the first lodging trust to secure such a facility.

MAS increases gold reserves by 4 tonnes in Q2

It was the sole central bank to register a gold reserve increase in the quarter.

MAS rebukes registered fund manager for non-compliance to licensing rules

A two-year prohibition order was also issued to its executive director for failure to ensure the company’s compliance.

Singapore banks’ net interest margin are past their peaks: S&P

NIMs seen falling by 10 basis points each year over the 2024-2026 period.

MAS ramps up support for AI, quantum push in financial sector

The central bank commits $100 million under FSTI 3.0.

Fintech startup PEXX bags $4.5m in new funding round

It will use the funding for expansion and platform development.