Financial Services

International banking heads take home highest salaries in financial sector
17 Jul 19
The average base monthly salary for this role can hit $33,000.
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
17 Jul 19
It also got its Capital Markets Services Licence.
Frasers Property bags $714.89m term loan
17 Jul 19
It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.
Citi launches payment outlier detection service
12 Jul 19
It uses advanced analytics, AI and machine learning to detect irregularities.
Chart of the Day: Virtual banks may only account for less than 1% of Singapore loan market by 2022
11 Jul 19
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
11 Jul 19
They will be issued under its US$15b global medium term note programme.
Binance and Vertex Ventures set up fiat-to-crypto platform
10 Jul 19
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
10 Jul 19
Its platform matches users with financial products, including insurance, credit cards, and trade financing.
CapitaLand secures $300m sustainability-linked loans
10 Jul 19
It will be used for green projects and general corporate purposes.
Wealth protection gap hindering Singapore's affluent from growing their wealth for the long term: AIA Affluence Barometer 2019 reveals
9 Jul 19
AIA Singapore today unveiled AIA Platinum Wealth Elite to address a crucial gap that exists for the affluent; a single plan to meet both their...
Standard Chartered Bank launches new savings account Unlimited$aver
9 Jul 19
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
9 Jul 19
It will now able to act as a trustee for collective investment schemes offered to institutional investors and restricted schemes offered to...
Singapore's fintech invasion has no end in sight
8 Jul 19
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
8 Jul 19
And private equity firm EQT backs Health Management International's privatisation offer.
Can Singapore become the latest and greatest regional cybersecurity hub?
5 Jul 19
Mass data breaches have been impacting our region, reiterating the fact that no business or nation is truly immune from cyber threats.
Virtual banks pose threat to Singapore's small and foreign lenders
5 Jul 19
However, the tech upstarts hardly pose a challenge to the Big Three.
Wealthtech firm WeInvest expands to Thailand
3 Jul 19
It will set up local offices in Bangkok by Q4.
J.P. Morgan launches working capital index
2 Jul 19
Companies can identify inefficient use of liquidity and improve internal funding sources.
A further tightening of financial regulation in Singapore
2 Jul 19
It may seem like money laundering is on the rise if recent news headlines are anything to go by.
Singapore's fintech adoption rate almost tripled to 67% in two years: study
2 Jul 19
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
1 Jul 19
And Spanish laundry startup Mr Jeff plans to launch in Singapore.
Banks' lending up 4.7% in May
1 Jul 19
ACU-driven overseas loans rose 7.5%.
BIS to set up innovation hub in Singapore
1 Jul 19
It will focus on insights for tech trends on central banking.
Insurtech startup Singapore Life clinches $121.8m funding from Sumitomo Life
1 Jul 19
Its total funding to date has hit $207.09m.
Singapore joins digital banking race with five licenses up for grabs
1 Jul 19
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
28 Jun 19
Its main and junior markets accounted for 61% of ASEAN’s IPO proceeds.
Citi appoints Hsiu-Yi Lin as ASEAN commercial bank head
28 Jun 19
She has served as head of CCB Singapore since 2013.
Frasers Hospitality REIT takes out $370m loan
28 Jun 19
This comprises an aggregate amount of $350m in bank loans and a $20m revolving credit facility.
Daily Briefing: Singapore could face ‘shallow' recession in Q3; MAS talks to Facebook over cryptocurrency plans
28 Jun 19
And UOB poaches HSBC’s Singapore head of retail business banking.
Expat living is cheaper in Singapore than Hong Kong: study
26 Jun 19
A cup of coffee in Singapore costs about $6.77, compared to a $9.48 cup of coffee in Hong Kong.
UOB temporarily loses $2b of market value
26 Jun 19
Despite suspicions of trading error, the SGX upheld the trade.
Which Singapore bank enjoys the highest corporate customer satisfaction?
26 Jun 19
A homegrown bank pulled ahead of global rivals like Standard Chartered.
UOB teams up with fashion e-commerce platform Zilingo
26 Jun 19
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
26 Jun 19
The benefits will be received from July to November.
AXA Insurance launches issuance investment-linked plan
26 Jun 19
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
25 Jun 19
The pilot trial will launch in June and target 1,000 random policyholders.
OCBC lags rivals in coverage for soured assets
25 Jun 19
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
24 Jun 19
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
24 Jun 19
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
24 Jun 19
CapBridge’s investment syndication platform will match UOB clients with anchor and accredited co-investors.

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