Financial Services
Fintech firm ayondo enters SGX Catalist board
Fintech firm ayondo enters SGX Catalist board
It is the first fintech company to list in Singapore.
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.
Daily Briefing: Singapore probes firms that sold luxury goods to North Korea; UOB is on a hiring spree
And this popular Singapore mall is attempting an en bloc sale for $1.1b.
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.