Financial Services
Family offices to push growth of financial wealth in Singapore
Family offices to push growth of financial wealth in Singapore
There are now 800 family offices in the city, compared to only 100 five years ago.
Sustainable debt market in Singapore grew healthily to $27.05b
Singapore’s sustainable debt market went up by about 10 times in the last five years.
MAS unlikely to change policy in October: experts
UOB Kay Hian said an off-cycle announcement will only happen if there's a sharp growth downgrade in inflation.
Opnfi and actyv.ai Partners to Bring Embedded Finance Solutions for Businesses in South Asia, ASEAN & MEA
Opnfi’s B2B EmFi platform will facilitate orchestration between enterprise customers and financial services institutions.
Singapore snags ‘most ideal country for FX traders’ title
The Lion City recorded a forex suitability score of 8.07 out of 10.
9 of 10 Singaporeans think cashless payments are most eco-friendly
This includes cards, mobile wallets and mobile banking.
Central bank explores responsible AI practices through new tech firm collab
It partnered with Google Cloud to also cultivate technologists with AI skills.
Temasek Holdings cuts staff compensation over 'disappointing' FTX investment
This was after the investment firm conducted an internal review on the matter.
Grab co-founder Tan Hooi Ling to step down from operating roles
She will be transitioning into an advisory role.
Chart of the Day: Credit card balance to hit $13.7b in 2023
Singapore has 62,000 POS terminals per 1 million individuals.
OxPay CFO under investigation by Commercial Affairs Dep't
The investigation is in no way related to OxPay or the group.
Singapore banks deliver strong earnings growth in Q1
OCBC outperformed with a net interest margin expansion of 75bp YoY.
Central Bank unveils the Lee Kuan Yew centenary coin
Singaporeans can obtain the commemorative coin starting September 2023.
Singapore’s AUM grew by $470b mostly due to institutional investors: MAS
The growth makes up around 20% of the increase in total AUM from 2017 to 2021.
Authorized and recognized unit trusts post net inflows of $897.58m in Q1
For now, Morningstar sees global slowdown impact has yet to come to fruition.
SG records 959 bankruptcy filings in Q123
The figure is higher than the application received in Q122.
MAS proposes digital platform to help banks easily detect financial crime
It will detect customers who exhibit multiple “red flags” linked to financial crime.
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