Financial Services
Fintech firm AsiaCollect bags $4.5m in funding from SIG Asia Investments
Fintech firm AsiaCollect bags $4.5m in funding from SIG Asia Investments
The firm helps banks and non-bank lenders recover overdue consumer loans.
Singapore alternative AUM grew 16.9% in 2016-2017
Venture capital and private equity bolstered growth.
7,800 jobs added to fintech and financial services sector in 2016-2017: MAS
Growth was driven by the insurance and fund management industries.
Maybank launches lifestyle app for instant points-redeeming
Users may instantly redeem from around 200 rewards which include air miles, and branded merchandise.
CIMB Singapore launches online application for SGD fixed deposits
It will offer promotional rates for the deposits until 31 July.
HSBC Singapore rolls out investment advisory platform for high net worth depositors
Clients with at least $1.2m in deposits also gain access to a luxury lifestyle concierge.
1MDB scandal origins linked to Goldman bankers' lunch in Singapore
About US$577m was syphoned from a bond sale that was discussed in a restaurant.
Singapore bank loans up 5.48% to $667.89b in May
Business and consumer loans grew 5.78% and 5.01% respectively.
These two banks are the most vulnerable to growing trade tensions
The Greater China region represented a fourth of one bank’s profit before tax.
Daily Briefing: Singtel Innov8 joins tech firm's BitSight's US$60m series D round; Messaging service Line to open Singapore crypto exchange
And a Temasek unit is investing in a UK-based content and events firm.
Chart of the Day: Government bonds raised $3.1b in 1H2018
Land Transport Authority’s $1.2b bond offering is the biggest SGD bond so far this year.
DBS to launch Indian subsidiary by October
The bank is only waiting for final greenlight from the central bank.
Daily Briefing: Online fraud management firm raises $20m in series B round; Government launches 6 industrial sites for H2 2018
And here's why Singtel is faring well despite a heated telco battle in its home turf.
Chart of the Day: M&A targeting Singapore companies plunged to 5-year low at US$4.3b
Alibaba's purchase of shares in Lazada boosted it by US$2b.
Singapore to be cheque-free by 2025
The government wants to reduce cash and increase e-payments.
Daily Briefing: Lack of new condo launches in May disappoints market; Temasek mulling US$1.32b investment in UK school operator
And here's what may buoy Raffles from its protracted stock decline.
UOB asset management arm launches alternative investment fund for retail investors
Minimum investment starts at $1,000.
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