Financial Services

MAS appoints six senior managers
8 Mar 21
Ho Hern Shin will take over the position of deputy managing director.
Goldman Sachs to hire tech employees in Singapore
8 Mar 21
Part of the tech hiring will support the bank’s cash management operations.
Indosuez reveals three new senior appointments in Singapore
4 Mar 21
They are Shiladitya Choudhuri, Jensen Wee, and Harpreet Singh.
MAS unveils joint paper on managing remote working risks
3 Mar 21
Financial institutions are called to benchmark their practices against examples in the study.
MAS bans four individuals for market misconduct
3 Mar 21
They have also been convicted.
Mizuho concludes deal with Furukawa Electric
2 Mar 21
Furukawa Electric was recognised for its environmental initiatives.
Bank accounts of suspected scammers can be frozen within a day: MHA
2 Mar 21
Minister Desmond Tan lays out plans to prevent scams.
Lendela's journey as a business-loan matchmaking platform
25 Feb 21
The platform handles both the lending process for borrowers and lenders.
SingSaver floats investments category
24 Feb 21
Users can compare different online brokerage platforms.
LCH extends central clearing of SORA derivatives to 21 years
23 Feb 21
The Monetary Authority of Singapore is set to extend the tenor of daily SORA derivatives to 20 years.
GLP secures largest sustainability-linked loan in APAC
23 Feb 21
ING acted as coordinator and GLP’s ESG advisor for the deal.
One-off tax impact boosts Great Eastern's Q4 net profit to $341.3m
23 Feb 21
FY2020 net profit fell 4% to $960.6m.
TransferWise renamed to Wise, to expand APAC reach
22 Feb 21
Over 70 people will be hired in the country this year.
Daily Briefing: More hawkers go digital; SGX pursues plan to list SPACs; Graduates struggle to find employment
19 Feb 21
And Graduates struggle to find employment.
Fintech Firm TranSwap enters UK market
19 Feb 21
The expansion is in line with efforts to empower global business growth.
UOB, SBF to connect firms to opportunities across ASEAN
19 Feb 21
They will provide on-ground assistance and financial support for digitisation.
HSBC Singapore to name new CEO
18 Feb 21
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Kristal.AI launches digital family office
18 Feb 21
A Variable Capital Company was also launched at the same time.
Fintech funding crashes by 58% in 2020
18 Feb 21
The decline is the lowest in four years.
GIC, CDH Investments partner for Philips' home appliances bid
11 Feb 21
They will submit a joint offer for the US$3.6b home appliance business.
ISCA rolls out $8m support fund
11 Feb 21
The fund aims to help the accountancy sector tide over the pandemic.
Simplifying management of spending rules with Volopay
11 Feb 21
The fintech startup offers a seamless, completely digital method of financial control.
Singaporeans trust robots more when it comes to money
11 Feb 21
Drastic changes in the finance profession may be imminent.
DBS touts new business platforms for 2021 as Q4 net profits fall 33%
10 Feb 21
Net interest income is 6% lower in FY2020 than the previous year.
Mapletree Logistics Trust secures $200m green loan from OCBC
10 Feb 21
The loan is a first for MLT.
Singtel, Etiqa launch digital insurance savings plan
10 Feb 21
Customers can start saving from as low as $50.
Life insurers' new premiums jump 3% to $4.38b for Q4 2020
9 Feb 21
New policies bought online surged to 206,679, most of which were single premiums.
Digital financial assets and fund management in Singapore―what more could be done?
5 Feb 21
Distributed ledger technology (DLT) and cryptocurrencies have continued to develop and mature in Singapore and around the world over the past 12...
Google co-founder Sergey Brin sets up family firm in Singapore
5 Feb 21
Singapore’s stable economic and political landscape is attractive to the uber-rich.
Qapita secures investment from East Ventures
3 Feb 21
The funds will be used to build its team in Singapore, India, and Indonesia.
MAS allows SDAX to operate digital asset exchange
2 Feb 21
The platform makes use of blockchain technology to power its exchange processes.
MAS, CAD to probe firms under CoAssets Group
1 Feb 21
Amongst the group's companies, only CA Funding is regulated by MAS.
DBS to boost hiring of financial advisers in 2021
1 Feb 21
This will include hiring for the newly created insurance consultant role.
Consumers prefer contactless payments: survey
29 Jan 21
61% of Singaporeans shop online whenever possible.
HSBC Singapore names Regina Lee as commercial banking head
28 Jan 21
She will succeed Alan Turner effective 1 March.
Artivision Technologies shareholders approve RTO of MC Payment
27 Jan 21
Artivision will be renamed MC Payment Limited.
Prudential extends free support to Singapore residents hospitalized due to COVID vaccine
26 Jan 21
First 100,000 customers and non-customers to sign-up can receive $100 per day of hospitalisation.
SGX, Temasek form digital asset JV on capital market workflows
25 Jan 21
The venture will look to partner with fixed income issuance platforms.
DBS rolls out industry's first digialised audit confirmation solution
25 Jan 21
Corporates and SMEs’ audit confirmation requests will be processed in less than a day.
Singapore's IP insurers to cover COVID-19 vaccine complications
25 Jan 21
Coverage will be provided until end-December 2021.

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