Financial Services

Singlife, Aviva Singapore to merge

Singlife and its consortium will acquire a 75% stake in the latter.

Chart of the Day: Singapore's top 10 fintech deals raised $259m in H1

This makes up 73.8% of all investments in the country during the period.

Majority of banks believe that AI will stop money laundering: survey

86% still believe in older rules-based technology for AML compliance.

MAS floats guidelines to bolster FIs' ethics, accountability

Senior managers responsible for core functions should be identified.

Singapore fintech to record worst year as investments plunge 78%

Just over 19.9% of investments in H1 came in deals over $50m.

MAS outlines plans for smooth transition to SORA in 2021

By October, they plan to release specific deadlines to cease SOR use in new financial products.

AIA Singapore to offer #ShareTheLove plans to essential workers

The public may nominate an essential worker through Facebook or Instagram.

DBS boosts financial, healthcare offerings for gig workers

They can now earn higher interest on the Multiplier account balances.

Chart of the Day: 17% of stock market cap received highest net inflows

The combined $401m in daily turnover for the 30 stocks was up 62%.

HSBC Life Singapore names new management team members

One is a chief investment officer and the other a chief product officer.

Big three banks average 4.2% total returns in August: SGX

OCBC, DBS, and UOB maintained a combined net interest income of $5.4b in Q2.

Aon forms Singapore coalition for economic recovery

It will focus on work, travel and convene efforts across leading businesses.

MAS floats new SGD facility for banks

Collaterals including cash and marketable securities will be accepted.

UOB, CapitaLand agree on dual tranche SORA-SOFR loan

The $200m will be used for general corporate purposes.