Financial Services
V3 Group and EZ-Link-led consortium join digital banking race
V3 Group and EZ-Link-led consortium join digital banking race
BEYOND consortium has launched a bid for a digital full bank license with a focus on SMEs.
Grab and Singtel team up for digital bank licence
Grab and Singtel will hold a 60% and 40% stake in the consortium, respectively.
Temasek, BlackRock form joint asset management venture in China
They will develop and distribute products for Chinese investors.
Investment banking fees hit record-breaking $1.17b in 2019
DBS Group clinched 11.8% or $138.79m of the total fee pool.
Nearly 1 in 3 millennials prefer cashback cards
Cashback cards are preferred due to their instant benefits.
Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
HSBC Singapore launches new retail banking, investment platforms
Its financial planning and tracking app will have risk and scenario analysis functions.
Losses threaten Razer and Grab's digital banking license bids
MAS is putting emphasis on profitability more than other regulators for the license requirements.
Jardine Cycle & Carriage to sell shares in Bank Permata for $1.53b
Proceeds will be used for investment purposes.
Robocash integrates European platform to its Singapore holdings
European P2P investors will be able to invest in the business development of the group in Southeast Asia.
MAS co-launches steering committee for the insurance industry
It will monitor trends and identify emerging issues, collaborate with MAS on initiatives.
Great Eastern partners with Malaysian fintech to launch SMEs pool-based insurance
Takaful products will be offered across Malaysia and Indonesia.
Daily Briefing: SingSaver launches digital insurance comparison platform; Hardware firm Home-Fix closes down
And Pan Pacific Hotels Group rebrands The Westin Prince Hotel in Toronto.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
MAS revokes CT Bright Investment's CMS license
CBTI breached numerous rules and license conditions, says MAS.
Singapore crowned as APAC's fintech leader: study
In APAC, only Singapore and Indian cities made it into the global top ten.
Daily Briefing: Maybank Kim Eng cuts 5% of Singapore staff; Beauty salon booking platform Vaniday shuts down
And bridal studio Beautiful Love Wedding suddenly closed.
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