Financial Services

Chart of the Day: Which bank has the highest unsecured NPA?

This lender has more than half of its bad assets unsecured.

MAS and SAL trial programme linking payments firms and legal services

It provides payment firms access to lawyers specialising in payment services regulations.

Ping An fintech unit eyes digital banking licence application in Singapore

OneConnect received a virtual banking license in Hong Kong earlier this year.

Work injury compensation law to take effect in September 2020

About 300,000 more employees will be covered under the insurance.

Singapore launches e-service to aid banks against money laundering and terrorism financing

It aims to address compliance challenges faced by financial institutions when financing trade.

Finastra names Wissam Khoury as APAC head

He previously spent over two years as Managing Director for MEA.

Daily Briefing: Crypto firm Sygnum eyes banking license; Chinese firm to buy AVIC Maritime for $31.58m

And cross-border payments platform TranSwap has obtained a license from Bank of Indonesia.

MAS opens applications for new digital bank licences

Interested parties have until 31 December to submit applications.

Standard Chartered names Dwaipayan Sadhu as Singapore retail banking head

He was formerly the regional head of products and segments for Singapore, ASEAN and South Asia.

Asia's global depository receipts hit US$8.1b in H1

It accounted for 78% of the global capital raised during the period.

AIA Singapore's premium income up 7% to $1.46b in H1

It cited the growth of its renewal premiums.

Default risks rise as Singapore struggles with $12b of maturing bonds

Distress may spread to sectors like logistics, O&G and construction.