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.
Investments flood Singapore fintechs in April, May after quiet Q1: study
Total equity funding reached a record-high $462m.
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.
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