Financial Services
More Singaporeans are prioritising debt management: OCBC survey
More Singaporeans are prioritising debt management: OCBC survey
Six in 10 are paying off their housing loans on target.
Tokyo seeks “friendliest city” title for local, foreign startups
It looks to increase its number of unicorns and startups tenfold over the next 5 years.
4 SG-based fintech companies to expand in Australia via Project Lorikeet
The companies are expected to invest $22.7m in Australia in the next 3 years.
Singapore’s Carolyn Choo and Tracy Ma land on Forbes Asia’s ‘Powerful Businesswomen’ list
The list features 20 successful female leaders across the Asia-Pacific region.
Closure of CPF accounts of foreigners will 'not pose liquidity issues' -- MOM
Approximately 300,000 non-residents will cease participation in the CPF schemes.
MAS to test accepting QR codes from different payment schemes through single FI
A single financial institution will help unlock local and global payment.
MAS partners with Japan, UK, and Switzerland for digital innovation
The MAS Project Guardian will carry out industry pilots for digital asset management.
Clifford Capital appoints UOB banker as group CFO
Herman Wijaya joins from UOB, where he was head of financial strategy.
Central bank's cyber security panel propose ways to fight AI risks and malware scams
Mobile banking and payments should have strengthened multi-factor authentication (MFA).
8 in 10 small business owners hit by cash crunch
To keep business their afloat, some owners use their personal savings.
Demand for embedded finance soars amongst local SMBs
SMBs (75%) are already looking to switch their banking solution provider.
Lendela redefines borrowing experience to fight isolation and stigma
The startup offers a matchmaking space where determining one’s eligibility for a loan from a bank requires very limited personal data.
Why are accounting and finance professionals in SG leaving their employers?
A quarter (25%) of professionals plan to leave their employers in the next 12 months.
QR payment app users to grow 26% by 2025
As of July 2023, there are already 96,700 QR payment users in SG.
DBS vs OCBC: Which bank will perform better in 3Q23?
Both banks are expected to post year-on-year growths during the quarter.
MAS bans 4 former insurance advisers for unlawful sub-agency activities
The ban includes one other individual, barring the five insurers for 3 to 5 years.
Fintech investors nowadays prioritise profitability over valuation
An expert said fintechs must have more than one revenue stream to attract investors amidst economic slump.
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Commentary
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