Financial Services
OCBC unfazed by potential Chinese entry to Singapore's digital banking market
New entrants will face high regulatory costs.
OCBC unfazed by potential Chinese entry to Singapore's digital banking market
New entrants will face high regulatory costs.
Daily Briefing: Payments platform 2C2P raises $71m funding; Regtech Tookitaki bags $16m in Series A round
And travel-tech Travel Prologue partners Vietnam’s VLeisure to bring B2B services.
Over 2 in 5 MSMEs reject fintechs over data privacy concerns
But over half have already adopted fintech services into their operations.
First Korean startup centre to open in Singapore in 2020
The startup centre will host networks to introduce South Korean startups into the Lion City.
Mapletree Logistics Trusts gains $200m sustainability loan for credit facility
This is the first time a Singapore REIT has ventured into sustainable investing.
Fintech startup GoBear's two co-founders to step down
This follows the resignation of former CEO Andre Hesselink in 2018.
China's Ant Financial eyes virtual banking licence in Singapore
It has not disclosed if it will seek a retail or wholesale licence.
Banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
OCBC and Standard Chartered complete Singapore's first OIS trade using SORA
The trade is a one-year interest rate swap fixed against SORA.
DBS to adopt risk management framework The Equator Principles
This will allow it to test its funded projects according to environmental and social standards.
DBS adapts AI-powered bank screening process
The system will conduct automated risk assessment of clients, investments, and transactions.
NETS' Jeffrey Goh to resign as group CEO
NETS Solutions managing director Ricky Lim will succeed him as interim group CEO.
UBS fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Issuer processor GPS launches Asia Pacific HQ in Singapore
It will support existing client expansion in the new hub.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
Singapore fintechs took up 51% of funding in ASEAN as of Q3
Singapore Life’s $150.39m funding was amongst the year’s notable deals.
Strengthening Finance Governance of Modern Businesses
When we surveyed C-suite executive and finance professionals in select global cities, including Singapore and Hong Kong, we learned that an...
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