Financial Services

Singaporean firm offers celebrity tokens amidst crypto craze

Ex-Liverpool soccer star Michael Owen and boxing veteran Manny Pacquiao will issue their own crypto-coins in the exchange.

9 in 10 Singaporeans want to use fingerprint and facial recognition in banks

Only 1 in 5 are currently using the technology in banking services.

MAS penalises Standard Chartered for money laundering requirement breaches

The breaches occurred when trust accounts were transferred from Guernsey to Singapore.

OCBC unveils $240m purpose-built data centre

The bank is avoiding interdependence on data centre tenancy.

Singapore-based issuers' bond offerings hit 3-year low

Bond offerings crashed by 21.5% to US$6.7b as local firms also tapped into offshore bond markets.

Insurance firms' underwriting profits plunged 58.53% to $107m in 2017

For the first time since 2010, the motor insurance segment generated an underwriting loss, losing $27.2m in 2017.

1 in 5 fintech firms think Singapore doesn't attract enough venture capital

These companies rely on Singapore to attract funds that will allow risk-taking.

MAS to enforce new data collection rules

It aims to reduce data duplication and automate financial institutions’ submissions.

OCBC opens AI unit with $10m investment

Its services in wealth advisory and loans financing are bracing for AI upgrades.

Grab launches lending services for Southeast Asia

The services will tap into the “huge cache” of customer data from the Grab app to provide credit ratings.

Singapore police extends support of MAS' criminal probes

The investigations will now cover all offences under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA).

Malaysian banks poised for greater profitability amidst loan demand recovery

Improved asset quality is also in store for banks with O&G exposure.

Insurtech challenges Singapore's largest insurance firms

Quite late to the digital party, insurers find room for startup collaboration.

Daily Briefing: SGX eases dual-class share rules to lure tech IPOs; Singapore turns to venture debt for funding

And here's Standard Chartered's new MD who moved in after spending five months in rival Safra Sarasin.

OCBC could gain $608m after Great Eastern Malaysia sale

Analysts also expect a special dividend should it sell 30% of its stake.