Financial Services

Hong Leong Finance seeks partner in bid for virtual bank license
16 Sep 19
The fax-using firm aims to revamp its platform to boost customer base.
Daily Briefing: HDB rolls out AI system for construction worker safety; Jervois Road GCB for sale at $38.8m
16 Sep 19
And MAS opens applications for bicentennial $20 notes.
Chart of the Day: Banks stomach larger asset quality risk in overseas pivot
12 Sep 19
OCBC's non-SGD loan book exposure hit 65% in Q2.
Daily Briefing: OCBC looks to expand AI lab; HR and benefits platform HReasily has secured a $6.9m in a financing round.
12 Sep 19
And Ministry of Manpower launches new Service Industry Transformation Programme.
Finance sector urged to turn to flexible workspaces for rental savings
12 Sep 19
Real estate costs accounted for up to 14% of the sector’s aggregate operating costs.
Sembcorp to provide solar power to UBS for ten years
12 Sep 19
UBS expects to run its entire operations on renewables by 2020.
DBS launches blockchain-powered platform to enhance trade finance for Chinese SMEs
11 Sep 19
It offers multi-tier financing solutions to more than 1,000 suppliers within 24 hours.
Chart of the Day: Which bank has the highest unsecured NPA?
10 Sep 19
This lender has more than half of its bad assets unsecured.
Daily Briefing: Income ceiling of HDB flat buyers raised; Grab Financial plans Singapore-Philippines cross-border remittance corridor
10 Sep 19
And venture builder Antler will set up Indonesian office in 2020.
MAS and SAL trial programme linking payments firms and legal services
9 Sep 19
It provides payment firms access to lawyers specialising in payment services regulations.
Ping An fintech unit eyes digital banking licence application in Singapore
6 Sep 19
OneConnect received a virtual banking license in Hong Kong earlier this year.
Work injury compensation law to take effect in September 2020
6 Sep 19
About 300,000 more employees will be covered under the insurance.
Singapore launches e-service to aid banks against money laundering and terrorism financing
6 Sep 19
It aims to address compliance challenges faced by financial institutions when financing trade.
Regional credit growth props up bank loans as domestic lending falls flat
5 Sep 19
Loans to DBU trade-related segments and mortgages slowed.
Finastra names Wissam Khoury as APAC head
5 Sep 19
He previously spent over two years as Managing Director for MEA.
MAS forms committee to oversee transition from SOR to SORA
2 Sep 19
The transition was made given USD LIBOR's likely discontinuation.
Banks' loan growth slows to 0.2% in July
2 Sep 19
Consumer loans shrunk 0.1%.
Daily Briefing: Crypto firm Sygnum eyes banking license; Chinese firm to buy AVIC Maritime for $31.58m
29 Aug 19
And cross-border payments platform TranSwap has obtained a license from Bank of Indonesia.
J.P. Morgan to set up electronic FX trading and pricing engine
29 Aug 19
It will launch in early 2020.
MAS opens applications for new digital bank licences
29 Aug 19
Interested parties have until 31 December to submit applications.
Standard Chartered names Dwaipayan Sadhu as Singapore retail banking head
29 Aug 19
He was formerly the regional head of products and segments for Singapore, ASEAN and South Asia.
Asia's global depository receipts hit US$8.1b in H1
28 Aug 19
It accounted for 78% of the global capital raised during the period.
AIA Singapore's premium income up 7% to $1.46b in H1
27 Aug 19
It cited the growth of its renewal premiums.
Default risks rise as Singapore struggles with $12b of maturing bonds
27 Aug 19
Distress may spread to sectors like logistics, O&G and construction.
UOB unveils Hanoi branch
22 Aug 19
The move comes after the incorporation of UOB Vietnam as a foreign-owned subsidiary bank.
Big banks hit average dividend yield of 4.5% in H1
22 Aug 19
DBS led the pack with a dividend yield of 4.9%.
Wirecard partners with OYO to bolster booking services
22 Aug 19
Services include online payments for booking hotels and homes.
Could bonds buoy Singapore from rising sea levels?
22 Aug 19
Government bonds could fund its $100b effort to mitigate the effects of climate change.
OCBC in talks with Singtel for virtual bank license: report
22 Aug 19
The bank may take a minority stake in the joint venture.
DBS plans foray into India's credit card space: report
21 Aug 19
The bank aims to launch credit card services by Q3 2020.
Singapore banks ace environment sustainability survey
21 Aug 19
Only four ASEAN banks met targets.
Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched
20 Aug 19
And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4.
Fintech employers eye upsizing staff in next 12 months: survey
20 Aug 19
Over 1 in 5 employers expects their workforce to double after 36 months.
Chart of the Day: Singapore bank NIMs hit 1.84% in H1
19 Aug 19
Margins widened in tandem with rising interest rates.
Fintech funding nearly quadrupled to US$453m in first six months of 2019
15 Aug 19
The number of deals surged 55% to 48.
Why new insurers are growing rapidly in Singapore despite low-cost offerings
14 Aug 19
The market share of FWD and Budget Direct, which both entered the market in 2016, have grown 2,704% and 7,400% respectively.
Chart of the Day: Banks brace for mounting asset risks
14 Aug 19
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
14 Aug 19
And online marketplace Zowedo raises $270,000 in a new funding round.
Maybank Singapore's strategy to drive wealth management costs down
12 Aug 19
The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.
Daily Briefing: MAS strengthens scrutiny of shell accounts; Healthcare startups on average raise $13.7m per round
12 Aug 19
And Singapore is expected to ban domestic elephant ivory trade in 2021.

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Oct 24
Singapore Business Review's 20 Hottest Startups Panel Briefing 2019
Four Points by Sheraton Singapore, Riverview
Nov 21
Malaysia Technology Excellence Awards 2019
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