Financial Services
OCBC sets up board committee on ethics and conduct
OCBC sets up board committee on ethics and conduct
It will be chaired by OCBC bank chairman Ooi Sang Kuang.
DBS CEO Piyush Gupta's pay rose 15.5% to $11.68m in 2018
The bank’s earnings hit a record high of $5.36b, up 28%.
MAS grants licence to China-backed wealth management fintech
PIVOT Fintech aims to link up with Singapore educational institutions for local AI training.
MAS halves prohibition orders against former Citibank relationship manager Zheng Xuemei
The prohibition was ordered as Zheng had not honestly performed her duties as the bank’s representative.
OCBC Pay Anyone joins order-ahead app Waitrr
OCBC’s app will automatically launch once customers select their meals.
InstaRem partners with First Data for prepaid card issuance services
The solution will be rolled out in Singapore, Europe and Australia.
How much are CEOs in top Singapore-listed companies paid?
Compensation of CEOs from the top 30 listed companies typically range between $4m-$5m.
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Grab ventures into SME lending and micro-insurance
One product is a post-paid and installment payment service called Pay Later.
Singapore firms with overseas ties could fall into global regulatory loopholes: Dow Jones
Despite a world-leading compliance regime, firms risk another 1MDB scandal by failing to assess malpractices of external links.
Mortgage recovery looms for UOB as residential market stabilises
Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.
Standard Chartered unit launches startup platform
SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.
InstaReM raises $52.4m in series C funding round
The digital transfer company is expected to IPO in 2021.
EY set to launch startup incubator programme in Singapore
Up to five startups in the fintech, legal tech and regulatory tech space will be offered a six-month rent-free residency at the EY wavespace.
$883b of Asia Pacific assets ate up 26% of the global private equity market in 2018
The region's deal value rose to $165b in 2018, exceeding the all-time high of $159b in 2017.
Singtel's cross-border mobile payment alliance VIA welcomes Japan's NETSTARS
The partnership will add 100,000 stores to VIA’s 1.6 million merchant partners.
Singapore banks' credit costs to rise 5bp in 2020
The IFRS9 will require banks to set aside for anticipated losses.
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