Financial Services
UOB freezes hiring, pay as outlook dims: report
The hiring freeze will last until December 2021.
StarHub Group clinches $80.7m sustainability-linked loan
CIMB Bank will grant rebate against the loan interest if the group meets its targets.
Insurtechs Surer, My-Insurer partner to streamline advising process
They will upskill each others' user base through discounted pricing and joint education.
Singapore firms lead digitisation efforts in APAC: survey
45% of corporates in the Lion City have a "well-defined strategy".
Razer Fintech, Templeton partner for digital wealth management platform
This will first focus on Singapore, Malaysia, the Philippines, and Vietnam.
Singlife, Aviva Singapore to merge
Singlife and its consortium will acquire a 75% stake in the latter.
TikTok's parent mulls injecting billions into Singapore: report
It applied for a banking licence back in June.
Chart of the Day: Singapore's top 10 fintech deals raised $259m in H1
This makes up 73.8% of all investments in the country during the period.
Majority of banks believe that AI will stop money laundering: survey
86% still believe in older rules-based technology for AML compliance.
MAS floats guidelines to bolster FIs' ethics, accountability
Senior managers responsible for core functions should be identified.
Singapore fintech to record worst year as investments plunge 78%
Just over 19.9% of investments in H1 came in deals over $50m.
MAS outlines plans for smooth transition to SORA in 2021
By October, they plan to release specific deadlines to cease SOR use in new financial products.
AIA Singapore to offer #ShareTheLove plans to essential workers
The public may nominate an essential worker through Facebook or Instagram.
DBS boosts financial, healthcare offerings for gig workers
They can now earn higher interest on the Multiplier account balances.
Keppel REIT trustee to issue 3.15% perpetual securities at $150m
They will be issued on 11 September.
Chart of the Day: 17% of stock market cap received highest net inflows
The combined $401m in daily turnover for the 30 stocks was up 62%.
HSBC Life Singapore names new management team members
One is a chief investment officer and the other a chief product officer.
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