Financial Services
Fintechs to play transformative role in cross-border payments: MAS
Fintechs to play transformative role in cross-border payments: MAS
MAS said the current state of cross-border payments is unfit for the 21st century.
MAS official encourages improved scrutiny in making investment decisions
Investors can join a financial education programme.
MAS slaps former BSI official with 10-year prohibition order over role in 1MDB
The official contributed to the bank’s failure to file STRs regarding 1MDB-related transactions.
Chart of the day: Digital tech has the most positive impact on financial, personal health
It has the least positive impact on stress, career progression, and work satisfaction.
Digital tools may be the key to longer life
1 in 2 are confident they will be able to live to 100.
MAS launches $5m Asia Climate Solutions Design grant
It will fund studies on scalable blended finance solutions.
9 in 10 professionals say open finance has positively impacted the financial industry
They said it made the industry more collaborative.
Singlife with Aviva jacks up insurance savings crediting rates by 3% per annum
The increase in crediting rates is effective this October.
StanChart unveils first-of-its-kind affluent deposit account in Singapore
The new product is only available to its Priority Banking segment.
UOB launches green financing framework for carbon-intensive industries
The bank aims to help firms pivot their business towards a more climate-friendly model.
SGX launches FX electronic communication network
The prime brokers of the network are BNP Paribas and Deutsche Bank.
MAS expands private markets programme to develop SG’s private markets hub
The central bank will invest an additional $1.4b for the expansion.
Funding for SG-based WealthTechs jumps seven-fold in 5 years
Total WealthTech funding in 2021 reached US$161m.
Gov’t seeks to create 3,000 financial sector jobs a year
This is under the Financial Services Industry Transformation Map 2025.
Singapore ranks 27th amongst top countries for retirement security in 2022
The city-state delivered a strong performance in retirement finances.
Fintech snags record US$2.15b deal value in H1
The H122 total deal value, however, was 15% lower compared to H221.
Trusted crypto literacy sought to protect consumers vs scams: Independent Reserve
Consumers should take deeper evaluation into their investment plans.
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