Financial Services
8 in 10 small business owners hit by cash crunch
8 in 10 small business owners hit by cash crunch
To keep business their afloat, some owners use their personal savings.
Demand for embedded finance soars amongst local SMBs
SMBs (75%) are already looking to switch their banking solution provider.
Lendela redefines borrowing experience to fight isolation and stigma
The startup offers a matchmaking space where determining one’s eligibility for a loan from a bank requires very limited personal data.
Why are accounting and finance professionals in SG leaving their employers?
A quarter (25%) of professionals plan to leave their employers in the next 12 months.
QR payment app users to grow 26% by 2025
As of July 2023, there are already 96,700 QR payment users in SG.
DBS vs OCBC: Which bank will perform better in 3Q23?
Both banks are expected to post year-on-year growths during the quarter.
MAS bans 4 former insurance advisers for unlawful sub-agency activities
The ban includes one other individual, barring the five insurers for 3 to 5 years.
Fintech investors nowadays prioritise profitability over valuation
An expert said fintechs must have more than one revenue stream to attract investors amidst economic slump.
HSBC Singapore appoints new head of commercial banking
She previously held the role of head of global banking.
Citi sets board meeting in Singapore for the first time since 2011
They will meet with clients, staff and regulators in Singapore.
Ian Leong takes helm as Tiger Brokers CEO
He has been in the financial services industry for 13 years.
Tiger Brokers has appointed Ian Leong as CEO, succeeding Eng Thiam Choon, who stepped...
Almost half of B2B companies in SG incur cross-border fees ranging US$10-US$25
The rate is above the average observed in other markets, including the US and the UK.
7 in 10 local SMEs source capital from savings, family and friends: report
SMEs spend mostly on inventory and supplies.
ISCA signs MOU supporting development of accountancy entities in SG, China
The agreement will include facilitating exchange opportunities and immersion programmes for students.
Singapore leads FinTech SEA funding in 3Q23
The city accounted for 70% of funding in the quarter.
BIS and central bank partners launches Project Mandala
It explores protocols for cross-border transaction regulation.
9 in 10 S'porean finance leaders spend their time on manual back-office tasks
About 40% of finance leaders in Singapore prioritise investments in automation.
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