Financial Services
Qoo10 upgrades financial offerings in UOB tie-up
Small businesses will be able to apply for financing directly on Qoo10’s site.
Qoo10 upgrades financial offerings in UOB tie-up
Small businesses will be able to apply for financing directly on Qoo10’s site.
OCBC seeks partner for securities venture in China
The move complements its goal of doubling pre-tax profit from Greater Bay Area to $1b by 2023.
Singapore's private banks hold steady amidst industry rout
The AUM of Bank of Singapore rose 3% to US$102b.
Citi Singapore unveils automated assessment for debt consolidation
The bank will access the customer’s credit profile via API.
DBS inks Belt and Road deal with Sinosure
Insurance firm Sinosure will provide credit insurance for DBS financing activities.
Over half of large firms to move their finance systems to the cloud: survey
Respondents also noted that CFOs should expand their roles beyond finance into risk management and cyber security.
CIMB Singapore unveils pet insurance for dogs and cats
Policy plans start at $74.90 per year.
1 in 3 firms have no plans to adopt machine learning: poll
Almost half cited cost as a barrier.
Singapore's mobile payments growth hits 46% in 2019
It lags behind Vietnam in terms of growth rate.
Chart of the Day: Firms with deteriorating risk standing hit 21.36% in 2018
This represents a visible increase from just 15.13% in 2017.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
MAS stands pat on monetary policy as economy slows
The government expects the economy to grow between 1.5-3.5%.
Chart of the Day: Overseas credit searches by Singapore firms up 2.05% in 2018
ASEAN accounted for the highest proportion of credit checks at 27.7%.
NTUC Income and ZhongAn tie up to develop digital insurance products
They aim to roll out a lifestyle insurance product for the tourism sector by Q2.
Singapore fintech Validus Capital expands to Indonesia
It aims to plug SME funding gap through its domestic business entity, Batumbu.
EZ-Link ties up with Malaysia's Touch n' Go for cross border Combi Card
It will allow users to pay for Singapore ERP fares and Malaysian highway tolls.
MAS bans reps from HSBC, UOB, and NTUC Income over fraud
Their cases involved deception, sales of fake products, and forgery.
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