Financial Services
SPF, MAS to work with PRC on the unfreezing of monies transferred via remittances
SPF, MAS to work with PRC on the unfreezing of monies transferred via remittances
As of 15 December 2023, SPF has received over 670 reports of remittances being frozen.
Aspire’s new vibrant workplace, a tribute to Singaporean roots
The fintech player named its meeting rooms after iconic MRT stations like Orchard, Marina Bay, and more.
Has Singapore lost interest in crypto?
Singapore recorded a 4.12 crypto interest score.
Moody’s sees asset tokenization, digital money transactions gaining traction in Singapore
Asset tokenization is seen offering substantial benefits to the finance industry
Where do the mass and affluent Singaporeans spend their money?
Mass market consumers spend a higher portion of their wallet (5.04% vs 2.22%) on essentials.
3 in 10 of Singaporean consumers oppose banks’ use of GenAI
Consumers cited concerns over data security and potential fraud.
How NETS is helping SMEs get the right data to raise their revenue
NETS has a network of about 10 million cards and 130,000 payment touchpoints in Singapore.
Finance leaders back use of AI to enhance financial operations
Eight in 10 say AI could effectively prepare finance and accounting departments for disruption.
4 in 10 accounting and bookkeeping firms added advisory services over a year ago: report
Client demand is pushing firms to offer more advisory services.
MAS launches code of conduct for ESG rating and data product providers
It also published a checklist for providers to self-attest their compliance with the code.
MAS, partners ink MOU on blended finance partnership for energy transition
The parties aim to raise up to $2.7b in concessional and commercial capital.
17 entrepreneurs take centre stage in the 2nd edition of Citi's Makers series
Three of the 17 entrepreneurs are from Singapore.
CDL clinches $338.2m sustainability-linked loan from OCBC
The loan is aligned to a 1.5°C pathway.
Singtel bags $535m green loan
DBS, OCBC, Standard Chartered Bank and UOB provided the loan.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to...
Temasek to acquire NTUC’s MoneyOwl
Temasek will use MoneyOwl to enhance financial services for target communities.
Finance executives unveil 3 business growth generators in the industry
Firms are embracing emerging banking models but showing reluctance towards AI adoption.
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Commentary
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Liquidity crucial to stock market reform