Financial Services

Majority of banks ready to trade SORA derivatives, says committee

Banks including OCBC and DBS have already made their first SORA-related activities.

Majority of banks ready to trade SORA derivatives, says committee

Banks including OCBC and DBS have already made their first SORA-related activities.

Great Eastern injects $97m into Axiata's digital finance service business

Great Eastern will take a 22% stake in Axiata-owned Boost Holdings.

MAS sets out expectations for FIs' environmental risk management

FIs are expected to include environmental considerations in their business plans.

DBS rolls out sustainable transition finance framework and taxonomy

The taxonomy will outline the banks’ “green” and “transition” transactions.

Deutsche Bank, Olam International close ESG-linked FX

This enables Olam to lock-in discounts when it meets pre-defined ESG targets.

SEEDS Capital appoints six partners to invest $50m in maritime startups

More than 50 Singapore-based startups are expected to benefit.

Circles.Life, AXA roll out $8 personal accident insurance

It covers 30 days and can grant up to $100,000 for accidental death.

Singtel and NETS introduce payment feature in hi!App

Bank cards from DBS, OCBC and UOB can be digitised as an in-app payment mode.

AXA unveils new benefits for SmartPlan SME clients

These include one month of complimentary coverage upon renewal.

ComfortDelGro integrates booking app into DBS PayLah!

Users will enjoy the same functionalities offered by the ComfortDelGro app.

Xero, DBS extends partnership to encourage cloud-based accounting in SMEs

The six-month free access will let SMEs create e-invoices using Xero.

HDB issues $800m fixed-rate notes

The notes have a coupon of 1.265% per annum and are payable semi-annually.

Hong Leong Finance rolls out business loan campaign

This is said to help SMEs with cash flow issues.

MAS received Wirecard's license application

It is operating under exemption until the Payments Services Act is enforced.

Singaporeans slash cash use by 67%

Contactless cards are now the preferred method in the Lion City.

OCBC is APAC's top lead arranger of green loans from 2018 to 2020YTD

Singapore’s OCBC and DBS accounted for $5.47b of such loans.