Financial Services
Bank loans down for 10th straight month, but recovery in sight
The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.
Technology is needed to reduce the trade finance gap
Trade finance is generally seen as sound finance, underwritten by long-standing practices and procedures. The World Trade Organization (“WTO”)...
Mortgage Master raises $980k for Indonesia expansion
The morgage brokering platform also plans to help Singapore save more than $100m in home loan repayments.
MAS commits $42m for tech adoption schemes
An additional $30m is set aside for the Digital Acceleration Grant scheme, also targeting financial institutions.
Mining company Anchor Resources to dabble in FinTech
The company says it is trying to ‘revitalise’ its legacy in the mining business.
Singapore, Thailand launch real-time cross-border payments system
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Payments firm Canvas floats card, app for household spending
Clients can transfer funds and manage spending on the card via their phones.
Amundi, HSBC launch Singapore's first AI-managed investment fund
With historical data and continuous training, the SMART Portfolio 2025 will manage investments with little human intervention.
MAS forms group to boost Singapore fund management ecosystem
It will boost Singapore's value proposition as a fund domiciliation hub.
DBS' CFO of Institutional Banking Group Judy Ng elected member of national accountancy body ISCA
Roger Tay was re-elected as the treasurer by the council at the same time.
DBS, Contour expand trade finance offerings to four Asia Pacific markets
DBS was the first Singaporean bank to join Contour's network.
Better earnings seen ahead of Singapore banks' results: report
UOB "may surprise" with better net interest margins and lower credit costs, one analyst has said.
DBS to become largest shareholder of Shenzen bank
DBS Bank is set to acquire a 13% stake in Shenzhen Rural Commercial Bank and a seat on its board of directors.
Fintech startup STACS bags $5m in pre-Series A funding round
The investment round has been led by Wavemaker Partners, Tribe Accelerator, and Stellar Partners.
Jaime Taylor joins Chaucer Singapore's Political Risks and Credit team
Taylor will join the team as a class underwriter, bringing nearly 20 years of experience to the position.
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
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