Financial Services

Standard Chartered unit launches startup platform

SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.

InstaReM raises $52.4m in series C funding round

The digital transfer company is expected to IPO in 2021.

EY set to launch startup incubator programme in Singapore

Up to five startups in the fintech, legal tech and regulatory tech space will be offered a six-month rent-free residency at the EY wavespace.

$883b of Asia Pacific assets ate up 26% of the global private equity market in 2018

The region's deal value rose to $165b in 2018, exceeding the all-time high of $159b in 2017.

Singtel's cross-border mobile payment alliance VIA welcomes Japan's NETSTARS

The partnership will add 100,000 stores to VIA’s 1.6 million merchant partners.

Singapore banks' credit costs to rise 5bp in 2020

The IFRS9 will require banks to set aside for anticipated losses.

DBS poaches former Bank of Singapore private banker

He is responsible for driving the expansion of the bank’s wealth planning, family office and insurance offerings.

Crypto exchange platform Quoine found liable for reversing bitcoin trades: court

B2C2 will claim damages from breach of contract and breach of trust.

Finance sector expects weaker job gains in Q2

It was one of the two sectors that have weaker hiring prospects in the upcoming quarter.

UOB prices first Panda bond at 3.49%

The offering has a subscription rate of 2.7 times from asset managers and commercial bank investors.

Money market funds' assets ballooned 40% to $2.6b in last 2 years

The growth was boosted by offshore funds which are typically used by institutional investors.

Citi to set up FX pricing and trading engine in Singapore

It will feature a proprietary pricing and hedging algorithm and offer 23 spot currencies.

Daily Briefing: Singapore to build floating homes; Finance startup Silot completes US$8m series A round

And here’s why revising CPF rule could not resolve the long term issue of lease expiry.

Cash is still king in Singapore as reluctant elders shun mobile apps

Security concerns in using mobile banking apps rose from 34% in 2017 to 41% in 2018.

LTA to roll out account-based ticketing system SimplyGo on 4 April

Commuters can use their contactless bank cards as their travel card on public transport.

MAS unveils changes to senior management team

Edward Robinson and Chia Der Jiun will assume deputy managing director positions.