Financial Services
Majority of Singapore residents send remittances at least once a year: report
Majority of Singapore residents send remittances at least once a year: report
Digital apps were the preferred method of sending money, exceeding global average.
Ex-fund manager jailed for defrauding investors
His actions led investors to suffer US$342,500 in losses, says MAS.
OxPay Financial extends deadline for PT Diners Indonesia investment deal
OxPay is looking to invest $1.5m for a 45% stake in PT Diners.
MAS scales asset tokenisation standards
It will improve standards for fixed income, FX, and asset management.
Deepfake fraud concerns prompt calls for better bank safeguards
Six in 10 consumers seek more robust cybersecurity measures from their banks
Olam Group subsidiary ofi bags $1.8b revolving credit facility
Proceeds from the facility will be used to refinance existing loans.
Singapore boosts AML efforts with national asset recovery plan
The plan will focus on four pillars.
Oxpay Financial obtains $2m convertible loan
The loan bears an interest rate of 6.9% per annum.
Mooreast to secure $20m convertible loan
It will be used for working capital needs, business expansion, and investment opportunities.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
Singapore investment managers adopt high standard of risk and performance assessment: IMAS
The study surveyed 37 fund houses with a combined AUM of $93b
Franklin Templeton taps Gaurav Bathija to lead private banks and family offices
Bathija will operate out of Singapore.
Standard Chartered sets up first global fund management unit in Singapore
The initial fund will be exclusive to Singapore, Hong Kong and Dubai clients.
Nium raises US$50M in Series E round led by SEA sovereign fund
It will use the funds to accelerate its growth plans.
iPiD secures $7.13m in Pre-Series A funding
The startup will use the funds for expansion.
Maybank SG offers boost to charities with special rates, network opportunities
Charities in the city may also avail of an interest-free grant of up to SG$150,000 (US$111,000)
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