Financial Services
MAS launches $35m funding for data reporting digitisation
MAS launches $35m funding for data reporting digitisation
It will co-fund up to 30% of expenses for the adoption of digital solutions.
How insurtech Cover Genius delivers personalised insurance anywhere
It partners with insurers to distribute plans through e-commerce sites.
Life insurance sector posts 2% drop in new premiums during Q3
Total weighted premiums hit $1.33b.
OCBC posts 12% YoY drop in Q3 net profit
Net interest income fell 11% YoY and 4% QoQ.
DBS posts 20% net profit drop in Q3
Lower net interest income triggered the fall.
MAS takes action against market abuse, financial misconduct
It has imposed a total of $15m in penalties on offenders.
Credit relief measures to aid SMEs impacted by legislation
Re-Align Framework helps businesses restructure their contracts.
UOB net profits down 40% to $668m in Q3
The group’s $339m hit on profits year-on-year, but results registered an improvement from Q2.
Great Eastern posts 40% profit jump in Q3
Total weighted new sales also surged 36% in the same quarter.
UOB, Shopee sign MOU to offer exclusive perks to customers
UOB One credit and debit card users can enjoy cash rebates of up to 10%.
DBS names new group cash product management head
Rachel Chew will oversee DBS' cash product proposition in Asia.
MAS to discontinue issuance of $1,000 note
Existing notes in circulation will remain legal and can still be used for payments.
Financial institutions launch SME debt restructuring programme
SMEs may apply for the support scheme until June 2021.
UOB boosts employees' data analytics, project management skills
Staff who have completed the foundational modules can join the new talent development programme.
Pandemic drives Singapore banks to accelerate digital offerings
In the middle of a crisis, the sector had to be quick and creative.
Half of Singaporean investors think ESG will compromise returns
But the opposite is true: investments with strong ESG ratings perform better, says SJP Asia.
UOB fuses ESG concerns into investment solutions
It has built a framework to ensure partners' commitment to ESG risks.
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