Financial Services

Temasek ditches US bank holdings in Q2

It has completed the sell down in Goldman Sachs and Morgan Stanley.

Property curbs and trade war a double whammy for Singapore banks

The three largest banks expressed concern over risks from the trade tensions in their Q2 results announcements.

Frasers Property taps DBS to roll out exclusive F&B concierge app

The app will allow the firm's tenants and customers to use its cashless payment system.

UOB unveils digital business solutions for SMEs

Businesses can soon gain real-time overview of their operations.

New business premiums jumped 20% to $2.02b in H1: LIA

There was an uptake in both single and annual premium products.

Aviva Investors launches third fixed income fund

It injects derivatives whilst targeting a 3% per annum gross return over cash.

PayNow Corporate goes live

Corporate customers of seven participating banks can now use NRIC to transfer funds.

2 in 3 SMEs to embrace cashless payments by 2023

They are also shunning the use of cheques.

Chart of the Day: Singapore nabbed Asia's fintech crown from Hong Kong in 2017

Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.

Chart of the Day: How exposed are Singapore banks to mortgages in Q1?

DBS gained the largest market share but has least mortgage exposure.

UOB rolls out all-digital suite of services to speed up home buying

Services on home loans and bankers will be available in 5 property apps.

UOB unveils subsidiary in Vietnam

It's the first Singapore bank to open a foreign-owned Vietnamese unit.

Could banks be the saving grace of Singapore's rattled equities market?

The Big 3 have posted a healthy set of results in Q2 despite bleak market conditions.