Financial Services
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
Maybank Singapore's strategy to drive wealth management costs down
The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.
Fintech firm ayondo asks for more time to produce Q2 and Q3 results
The firm cited the departure of its financial team and senior officers after the sale of Ayondo Markets.
Banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.
Tech upstarts woo locals as retail banking customer satisfaction falls
65% are interested in opening digital bank accounts, up from 52% in the previous year.
HSBC Singapore rolls out mortgage for Australian homes
It will initially be available to properties in Sydney, Melbourne, Brisbane, Perth, and Adelaide.
New business premiums in life insurance down 2% to $1.97b in H1
The decline in single premium policies dragged half-year figures.
Chart of the Day: Life insurance industry workforce hits 8,282 in H1
The number of tied representatives also fell to 15,117.
MAS and SGX RegCo launch trade surveillance practices guide
It encourages proper recordkeeping and periodic quality assurance reviews on compliance reports.
MAS launches consultation paper on controls against market abuse
It proposes to tighten requirements for ultimate beneficial owners, amongst others.
ABS revamps cloud outsourcing guide for banks
One revision guides the categorisation of material and non-material cloud outsourcing contracts.
American Express and Singapore Airlines launch SME credit card
SME owners can earn more rewards faster even as employees earn miles for their own benefit.
OCBC H1 profits up 6% to $2.45b
Higher banking profits offset lower income from Great Eastern Holdings.
UOB net profit up 8% to $2.2b in H1
Profit growth was boosted by wholesale banking as income rose 9% to $2.06b.
Grab and NTUC Income unveil pay-per-trip insurance plan for partner-drivers
Premium rates per trip can be paid at $0.10, $0.30, and $0.50.
Great Eastern profits up 31% to $511.7m for H1
Higher investment income offset lower premium sales.
Singapore benchmarks get go-ahead from European Union
Companies in the EU can continue trading derivative products linked to Singapore's benchmark rates.
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