Financial Services
OCBC’s group net profit down 6% to $2.87b in H1
OCBC’s group net profit down 6% to $2.87b in H1
Interim ordinary divided is 41 Singaporean cents.
OCBC’s group net profit down 6% to $3.7b in H1 2025
Interim ordinary divided is 41 Singaporean cents.
ZGR Global and Hanshan fined $5.37m over illegal rate sharing
Staff from both firms engaged in frequent exchanges of real-time remittance rates, report said.
OCBC, Singapore universities explore quantum tech in finance
The year-long partnerships aim to study the use of quantum computing and cryptography in derivative pricing, fraud detection, and data security.
MAS to launch backup system for NETS contactless payments
It also plans to develop similar backup solutions for QR code payments.
What is driving the next era of wealth management in Singapore?
EAMs must play their part in innovating, forging strategic partnerships with an agile and forward thinking mindset.
Seatrium subsidiary secures $512m revolving credit facility with UOB
Proceeds will enhance Seatrium’s liquidity and financial flexibility.
Closing the harmony gap: How strategic tech investments can unlock financial efficiency
Long-term success in fintech adoption often hinges on meaningful collaborations to fill capability gaps and fast-track innovation.
Singapore attracts 88% of Southeast Asia’s fintech funding
This is a 31% increase from the $593m raised in H2 2024.
OCBC sets loan target of $5b for serial entrepreneurs
The bank also expanded its coverage to more territories in the region.
PwC Singapore appoints 11 new partners across key practices
The new partners worked in areas such as financial due diligence, international tax, enterprise transformation, and assurance services.
MAS fines five firms for AML breaches in June
The penalties were issued on 27 June 2025 following inspections that uncovered failures to comply with key AML/CFT requirements.
MAS seeks feedback on product disclosure, complex product rules
MAS states its proposals aim to strengthen disclosure effectiveness.
KKR launches new financial advisory platform in Singapore
It aims to support firms with strategy, tech, and compliance.
Nasdaq and QCP partner to bring blockchain to Calypso platform
Under the partnership, QCP will deploy Nasdaq Calypso in Singapore to offer over-the-counter spot and derivative products.
MAS, ABS set up SPaN to oversee national payment schemes
It is expected to be fully operational by end-2026.
Organisations cite BEC, phishing as top threats for 2025
The report found that 72% of organisations experienced an increase in BEC attempts
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