Financial Services
BIS to set up innovation hub in Singapore
BIS to set up innovation hub in Singapore
It will focus on insights for tech trends on central banking.
Insurtech startup Singapore Life clinches $121.8m funding from Sumitomo Life
Its total funding to date has hit $207.09m. Homegrown wealthtech and life insurance firm Singapore Life secured a $121.8m (US$90m) investment from...
Singapore joins digital banking race with five licenses up for grabs
The five licenses are split into two full digital and three wholesale.
SGX ranked as world's tenth best IPO bourse by proceeds in Q2: study
Its main and junior markets accounted for 61% of ASEAN’s IPO proceeds.
Citi appoints Hsiu-Yi Lin as ASEAN commercial bank head
She has served as head of CCB Singapore since 2013. Citi named Hsiu-Yi Lin as ASEAN Head of Citi Commercial Bank (CCB). She will lead the CCB...
Expat living is cheaper in Singapore than Hong Kong: study
A cup of coffee in Singapore costs about $6.77, compared to a $9.48 cup of coffee in Hong Kong. Although Singapore moved one notch in the world's...
UOB temporarily loses $2b of market value
Despite suspicions of trading error, the SGX upheld the trade.
Which Singapore bank enjoys the highest corporate customer satisfaction?
A homegrown bank pulled ahead of global rivals like Standard Chartered.
UOB teams up with fashion e-commerce platform Zilingo
Zilingo merchants and manufacturers can directly access UOB's banking solutions.
Over $1b worth of MediSave top-ups and GST vouchers await 1.7 million Singaporeans
The benefits will be received from July to November.
AXA Insurance launches issuance investment-linked plan
Customers can choose a mortgage insurance premium running from 10-30 years.
SPH, NTUC Income and MetLife's LumenLab tap on blockchain to automate insurance claims
The pilot trial will launch in June and target 1,000 random policyholders.
OCBC lags rivals in coverage for soured assets
Non-performing assets coverage was at 78% as at Q1 2019.
Daily Briefing: Razer to roll out Visa-issued prepaid cards; Sky Everton condo sold 40% of units in weekend launch
And higher fines for parking violators will kick into effect in July.
CIMB Niaga and Liquid Group to launch cross-border QR payments between Singapore and Indonesia
Indonesian travellers will soon be able to use local payment apps at Changi airport.
UOB and CapBridge to offer Asian firms access to private capital
CapBridge’s investment syndication platform will match UOB clients with anchor and accredited co-investors.
Will virtual banks threaten Singapore's big three?
Newcomers still have to create significantly large funding and capital bases to contend with incumbents.
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