Financial Services

GXS Bank names former SGX president as group CEO

Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.

SG emerges as 4th most crypto-ready market in the world

The Lion City is home to 800 crypto-based companies.

FinTech firm Pilon raises $6.88m in seed round

The fund will be used to improve its product offerings and operation expansion.

Knowledge gap, lack of action behind failure to follow accounting standards: ACRA

There were 23 non-compliance cases in 12 financial statements reviewed.

AI, big data amongst trends in banks: Maybank

Investments in AI are at an accelerating pace for DBS, UOB, and OCBC.   Banks in the Lion City have been deploying AI and big data at an accelerating...

Over US$14.6m funds stolen through crypto fraud

SG is the 9th most targeted market by fraudsters. 

Chart of the Day: Cards are top payment method in e-commerce

It accounts for 41.4% of the e-commerce market.

Analyst sees banking ROE improvement due to NIM expansion

RHB said there will be tailwinds from hikes in federal funds rate.

MAS slaps former UOB representative with 15-year prohibition orders

The court convicted Han Delong of criminal breach of trust, amongst others.

3 ways Singaporean investors are battling inflation

Investors said inflation is the main challenge in pursuing their new goals.

DBS extends $23m grant money to 23 enterprises 

Of this, 8 were small and medium enterprises.

Why cloud adoption is key for accounting firms 

Research from Xero found that cloud adopters earn higher per client at $7,852.

Over 75% Singaporeans ‘definitely’ want better online banking services 

The majority of Singaporeans now use mobile apps for bank services.