Financial Services
8 in 10 Gen Zs interested in generative AI use: study
8 in 10 Gen Zs interested in generative AI use: study
About 43% of them have already used AI for shopping.
Over eight in 10 Gen Zs are increasingly aware of the potential of generative artificial...
CPFIS funds record 9.69% average returns in Q2 2024
Investment-linked insurance policies (ILPs) recorded average returns of 9.68%.
DBS grants $92m green loan for wind turbine farm project in China
The project will generate renewable energy to power 90,000 households.
GuocoLand bags $847m green loan to fund Upper Thomson development
It plans to develop a 941-unit residential project on the site.
MAS imposes 9-year prohibition order on ex-OCBC rep for cheating
The prohibition order took effect on 19 August.
UOB KayHian’s H1 net profit soars 64.3%
Revenue also grew 10.2%.
Startup pioneers AI to detect accounting fraud
Transparently.AI identifies red flags far in advance of a corporate collapse.
MAS partners with banks, tech on quantum security enhancement
The central bank also launched a grant scheme to fund quantum projects.
The Monetary Authority of Singapore (MAS) signed an agreement with DBS, HSBC...
UOB seeks to double wealth AUM, trade loans by 2026
It aims to be the number 1 cross-border trade bank in ASEAN.
Hong Leong Finance net profit rises 12.9% in H1 2024
Earnings per share stood at $0.2345.
DBS and J.P Morgan top choice of banking employers: survey
Meanwhile, Goldman Sachs only ranked fifth despite competitive compensation.
Investors favour smaller, early-stage fintech deals over large-scale
In H1 2024, Singapore saw 52 early-stage deals.
MAS taps EY to screen family office tax incentive applications
EY will check family offices for links to money laundering, terrorism financing, and other offences.
Citi Singapore nets ex-DBS COO as new CEO
She is also the new wealth head for the South Asia cluster.
Mobile fintech penetration at 45%: study
It is expected to reach 48% by the end of 2030.
UOB prices $860m unsecured notes due 2028
The issue date of the notes is on 8 August 2024.
Revolut unveils money management platform in Singapore
Businesses can hold over 25 currencies and access over 150 more.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform