Financial Services
Deepfake fraud concerns prompt calls for better bank safeguards
Deepfake fraud concerns prompt calls for better bank safeguards
Six in 10 consumers seek more robust cybersecurity measures from their banks
Olam Group subsidiary ofi bags $1.8b revolving credit facility
Proceeds from the facility will be used to refinance existing loans.
Singapore boosts AML efforts with national asset recovery plan
The plan will focus on four pillars.
Oxpay Financial obtains $2m convertible loan
The loan bears an interest rate of 6.9% per annum.
Mooreast to secure $20m convertible loan
It will be used for working capital needs, business expansion, and investment opportunities.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
Singapore investment managers adopt high standard of risk and performance assessment: IMAS
The study surveyed 37 fund houses with a combined AUM of $93b
Franklin Templeton taps Gaurav Bathija to lead private banks and family offices
Bathija will operate out of Singapore.
Standard Chartered sets up first global fund management unit in Singapore
The initial fund will be exclusive to Singapore, Hong Kong and Dubai clients.
Nium raises US$50M in Series E round led by SEA sovereign fund
It will use the funds to accelerate its growth plans.
iPiD secures $7.13m in Pre-Series A funding
The startup will use the funds for expansion.
Maybank SG offers boost to charities with special rates, network opportunities
Charities in the city may also avail of an interest-free grant of up to SG$150,000 (US$111,000)
Blackrock cuts Mapletree Logistics Trust stake to 4.95% with share sale
It is no longer a substantial unitholder of the REIT.
BlackRock reduces stake in CLD
It now holds just over 44.44 million shares in its stake.
MAS extends fair dealing rules to all financial products and services
Previously, guidelines applied only to investment product selection and services.
Credit card dominance in Singapore to wane by 2027 with digital wallet rise
Digital wallets will dominate 50% of online transactions and credit card spending will fall to 32% in three years.
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