Financial Services
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
MAS revokes CT Bright Investment's CMS license
CBTI breached numerous rules and license conditions, says MAS.
Singapore crowned as APAC's fintech leader: study
In APAC, only Singapore and Indian cities made it into the global top ten.
Daily Briefing: Maybank Kim Eng cuts 5% of Singapore staff; Beauty salon booking platform Vaniday shuts down
And bridal studio Beautiful Love Wedding suddenly closed.
400 million wearables could be converted for smart payments push by 2022
Mastercard and Tappy are using token technology to allow payments using accessories.
Grab launches Asia's first numberless card
It offers better card security an expanded rewards system.
FinAccel raises $122m in Series C equity funding
It will expand to Indonesia.
Liquid, Asia United Bank launch cross-border QR payments service
This will enable cross-border transactions between Singapore and the Philippines.
Tribe raises $21.5m to boost market-ready blockchain tech
The firm is focused on expanding its technology and applications by 2020.
MAS extends bilateral currency swap program with Bank of Japan
Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.
NETS, PayNet launch cross-border debit payments service
The two are also working on cross-border instant fund transfers and QR payments.
Daily Briefing: Clifford Capital to co-found platform for securitising infra debt; MOM expands training programme for PMETs
And a StanChart stalwart joins UOB’s technology and operations department.
Returns of CPFIS-included funds rose 0.18% in Q3
Positive returns of 0.47% were recorded amongst investment-linked insurance products.
Carro, NTUC Income launch pay-as-you-drive insurance
Premiums will be based on the number of kilometres driven each month.
HSBC Singapore adds experiential offering for ultra-rich clients
The Jade offering is for HNWIs with at least $1.2m in cash or investments in the bank.
ICBC, CCDO, SGX to endorse new renminbi bond indices
The new bond indices can be used as performance basis for investing in RMB bonds.
Fintech firm Thunes clinches MAS payments licence
With the new licence, it can now facilitate transactions in its digital membership network.
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