Financial Services

Singapore clinches ninth spot in highest average wealth per adult: Credit Suisse
18 Oct 18
It hit $390,280, thanks to high savings and asset price increases.
UOB kicks off eLab in Southeast Asia
18 Oct 18
It will use behavioural insights to promote better saving and spending habits.
HSBC Singapore appoints Mukhtar Hussain as director and chairman
17 Oct 18
HSBC Singapore revealed  Mukhtar Hussain has been appointed as its director and chairman.
Banks receive boost from regulator's hardline stance against e-wallet lending
17 Oct 18
Entities would need a banking license first before using deposits to extend loans.
NETS launches PayCollect to ease billing and payment collections
16 Oct 18
Businesses can now move their entire billing and collections cycle online.
Singapore could lure global wealth with passage of new VCC Bill
15 Oct 18
It aims to shun inconvenient rules which plague investment funds.
Banks to sustain NIM expansion despite MAS tightening: analyst
15 Oct 18
It will be backed by the sequential rise in SIBOR and the FFR hikes.
Singapore and Indonesia ink deal to boost fintech talent
11 Oct 18
Temasek Foundation International will use $523,000 for the cross-border academic learning programme.
Is Singapore becoming more favorable to crypto players?
11 Oct 18
MAS said that it will help crypto firms set up local bank accounts, on top of leveraging blockchain adoption.
Malaysian bank loan growth may further soar in Q4
10 Oct 18
Loan growth in August went up to 5.4%, the highest it reached in 2018.
Talent crunch hits Singapore's wealth management scene despite hefty bonuses
10 Oct 18
There is still a lot of work to do in order to run after 1,400 individuals in the Lion City with net worths above $69m.
China further eases reserve ratio by 100 bps
9 Oct 18
It could help boost GDP growth amidst the escalating trade tensions.
Daily Briefing: Temasek joins US$166m funding round for MMA firm; VC firm Monk's Hill eyes $207.6m in second fundraising
8 Oct 18
And here’s a new crypto-exchange which allows conversion of SGD, MYR, and INR.
MAS releases new guidelines on robo-advisory
8 Oct 18
It focuses on refinements in the licencing and business conduct requirements under the Securities and Futures Act (SFA) and Financial Advisers Act...
Online hiring in banking and finance surged 23% in August
8 Oct 18
Finance and account field talents saw their demand rising up by 7%.
Daily Briefing: Banks step up hiring of priority bankers; Good class bungalow sold for $93.9m
8 Oct 18
And here’s what Punggol residents can look forward to in the upcoming Punggol Town Hub.
MAS warns on phishing emails
7 Oct 18
Some recipients were asked to provide bank account details and transaction fees.
Maybank gets nod for CFS business in Singapore
6 Oct 18
It will operate as a subsidiary of Maybank Group with Asian Currency Unit in Singapore.
Singapore banks fare better than Indonesian lenders amidst rate hikes
5 Oct 18
Every 25bp hike that re-prices loan book translates into an earnings boost.
Chart of the Day: 98% of Singaporeans have a bank account
5 Oct 18
Its rate still lags behind Japan and Israel.
Price slump in Australian homes could hurt economy
4 Oct 18
Household consumption could suffer amidst stricter lending standards.
CapitaLand bags $300m sustainability loan
4 Oct 18
It can be used for general corporate purposes and not just for specific projects.
Has Singapore's insolvency bill come a little too late for Hyflux?
3 Oct 18
It gives cash-strapped companies greater opportunity to restructure.
Singtel rolls out QR code cross-border mobile payment in Thailand
3 Oct 18
They eye to expand the service in India, the Philippines, and Indonesia.
OCBC enables instant SME account opening
3 Oct 18
It tapped data repository MyInfo.
Thai banks put up fight against telcos in e-wallet war
3 Oct 18
Lenders will snap up half of the market in the next four years.
Struggling Japanese regional banks go over the edge to cut losses
3 Oct 18
They’re bearing the brunt of the profit crunch.
Slow payments fell 1.81 ppt to 38.94% in Q3
2 Oct 18
The retail sector saw the highest increase of 14.27 ppt to 44.11%.
Singapore enacts legislative framework for investment funds
2 Oct 18
The new variable capital company structure could create over 1,000 jobs for the next two years.
Banks rev up robo-advisory push in Singapore
1 Oct 18
OCBC is the latest to roll out such service amidst an encouraging regulatory environment.
3 in 5 analysts expect monetary tightening in October
1 Oct 18
But change could be modest amidst the US-China trade war.
OCBC Wing Hang Bank kills $425.9m sale of Hong Kong Life Insurance
1 Oct 18
The closing conditions of the agreement have not been met in time.
Chart of the Day: Insurance and pension make up Singapore's biggest asset class
28 Sep 18
They beat bank deposits and securities.
Bugis Junction and Bugis+ to launch WeChat Pay services in outlets
27 Sep 18
They are anticipating Chinese tourists in Singapore during the Golden Week holidays.
Surbana Jurong's maiden $350m SGD senior bond 2x oversubscribed
27 Sep 18
The offering is scheduled to settle on 3 October 2018.
RHB Singapore rolls out city's first cyber insurance package
27 Sep 18
Customers can receive free risk assessment and consultation.
Paperless end-to-end trade platform launched to boost productivity
27 Sep 18
It will let traders share key digital documents such as invoices and permits.
MAS intensifies bout against cyberthreats for FIs
26 Sep 18
MAS proposed to make a slew of cybersecurity measures for financial institutions (FIs)  into legally binding requirements.
RHB Singapore unveils prepaid multi-currency Visa Card
24 Sep 18
Consumers can exchange 11 currencies on the app.
Unified QR code boosts banks' cashless agendas
21 Sep 18
Lenders are poised to enjoy wider market reach and public acceptance.

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