Financial Services
Chart of the Day: Virtual banks may only account for less than 1% of Singapore loan market by 2022
Chart of the Day: Virtual banks may only account for less than 1% of Singapore loan market by 2022
The retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
UOB to issue $750m 3.58% perpetual capital securities
They will be issued under its US$15b global medium term note programme.
Binance and Vertex Ventures set up fiat-to-crypto platform
It will provide real-time, 24/7 SGD deposit and withdrawal functionality via the Singapore FAST electronic funds transfer system.
How GoBear makes financial comparison easy for the everyday consumer
Its platform matches users with financial products, including insurance, credit cards, and trade financing.
Wealth protection gap hindering Singapore's affluent from growing their wealth for the long term: AIA Affluence Barometer 2019 reveals
AIA Singapore today unveiled AIA Platinum Wealth Elite to address a crucial gap that exists for the affluent; a single plan to meet both their wealth...
Standard Chartered Bank launches new savings account Unlimited$aver
It unlocks up to 5% cashback on Unlimited Credit Card spend with funds deposited into the Unlimited$aver account.
State Street Corporation gets new trust business license
It will now able to act as a trustee for collective investment schemes offered to institutional investors and restricted schemes offered to accredited...
Singapore's fintech invasion has no end in sight
About 43% of fintechs in Southeast Asia choose Singapore as their home as growth prospects in the city strengthen.
Daily Briefing: Japan's Concordia Financial Group to expand in Singapore; Grab bags investment from Experian
And private equity firm EQT backs Health Management International's privatisation offer.
Can Singapore become the latest and greatest regional cybersecurity hub?
Mass data breaches have been impacting our region, reiterating the fact that no business or nation is truly immune from cyber threats. This has been a...
Virtual banks pose threat to Singapore's small and foreign lenders
However, the tech upstarts hardly pose a challenge to the Big Three.
Wealthtech firm WeInvest expands to Thailand
It will set up local offices in Bangkok by Q4.
J.P. Morgan launches working capital index
Companies can identify inefficient use of liquidity and improve internal funding sources.
A further tightening of financial regulation in Singapore
It may seem like money laundering is on the rise if recent news headlines are anything to go by. But the fact is, criminals have been successfully...
Singapore's fintech adoption rate almost tripled to 67% in two years: study
It is ahead of the APAC average adoption rate of 64%.
Daily Briefing: Fintech InstaRem eyes digital banking license; Oman-based investment firm Jabreen Capital acquires stake in EastBridge Partners Singapore
And Spanish laundry startup Mr Jeff plans to launch in Singapore.
Banks' lending up 4.7% in May
ACU-driven overseas loans rose 7.5%.
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