Financial Services
Hong Leong Finance seeks partner in bid for virtual bank license
The fax-using firm aims to revamp its platform to boost customer base.
Hong Leong Finance seeks partner in bid for virtual bank license
The fax-using firm aims to revamp its platform to boost customer base.
Daily Briefing: HDB rolls out AI system for construction worker safety; Jervois Road GCB for sale at $38.8m
And MAS opens applications for bicentennial $20 notes.
Chart of the Day: Banks stomach larger asset quality risk in overseas pivot
OCBC's non-SGD loan book exposure hit 65% in Q2.
Daily Briefing: OCBC looks to expand AI lab; HR and benefits platform HReasily has secured a $6.9m in a financing round.
And Ministry of Manpower launches new Service Industry Transformation Programme.
DBS launches blockchain-powered platform to enhance trade finance for Chinese SMEs
It offers multi-tier financing solutions to more than 1,000 suppliers within 24 hours.
Chart of the Day: Which bank has the highest unsecured NPA?
This lender has more than half of its bad assets unsecured.
Daily Briefing: Income ceiling of HDB flat buyers raised; Grab Financial plans Singapore-Philippines cross-border remittance corridor
And venture builder Antler will set up Indonesian office in 2020.
MAS and SAL trial programme linking payments firms and legal services
It provides payment firms access to lawyers specialising in payment services regulations.
Ping An fintech unit eyes digital banking licence application in Singapore
OneConnect received a virtual banking license in Hong Kong earlier this year.
Work injury compensation law to take effect in September 2020
About 300,000 more employees will be covered under the insurance.
Singapore launches e-service to aid banks against money laundering and terrorism financing
It aims to address compliance challenges faced by financial institutions when financing trade.
Regional credit growth props up bank loans as domestic lending falls flat
Loans to DBU trade-related segments and mortgages slowed.
Finastra names Wissam Khoury as APAC head
He previously spent over two years as Managing Director for MEA.
Banks' loan growth slows to 0.2% in July
Consumer loans shrunk 0.1%.
Daily Briefing: Crypto firm Sygnum eyes banking license; Chinese firm to buy AVIC Maritime for $31.58m
And cross-border payments platform TranSwap has obtained a license from Bank of Indonesia.
J.P. Morgan to set up electronic FX trading and pricing engine
It will launch in early 2020.
MAS opens applications for new digital bank licences
Interested parties have until 31 December to submit applications.
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