Financial Services
Yangzijiang Financial posts 80% net profit decline in H2 2022
Yangzijiang Financial posts 80% net profit decline in H2 2022
The company posted $25.6m net profit to the firm's equity holders.
Strong growth for major banks seen: Fitch Ratings
This will be supported by wider margins and well-contained credit costs.
Chart of the Day: Do Singaporeans need help managing their money?
Younger consumers do, according to a YouGov survey.
MAS mandates due diligence and conduct requirements for CF advisers
The central bank said the requirements will allow investors to make informed decisions.
2Y SGS bond ‘attractive enough’ to draw demand: UOB
The June 25 bond was first issued in 2015 but was retapped.
Aspire secures US$100m in Series C round
The funding will be used to further enhance their financial services.
Chart of the Day: Singaporeans leave their money to savings and insurance
Those in early adulthood are likely to do both.
High interest rates carry DBS to record net profit of $8.19b in 2022
Total income surpassed $16b for the first time in the bank’s history.
By the numbers: A look into Singapore's Fintech Industry
Singapore falls behind India in terms of Fintech development.
SFA, Workforce Singapore launch FinTech Talent Programme
It is the first career conversion programme in the industry.
GXS Bank names former SGX president as group CEO
Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.
SG emerges as 4th most crypto-ready market in the world
The Lion City is home to 800 crypto-based companies.
SMU arm, TechFin to launch Web 3.0 programme to address fintech talent gap
They will roll out the programme at the end of January.
FinTech firm Pilon raises $6.88m in seed round
The fund will be used to improve its product offerings and operation expansion.
Knowledge gap, lack of action behind failure to follow accounting standards: ACRA
There were 23 non-compliance cases in 12 financial statements reviewed.
AI, big data amongst trends in banks: Maybank
Investments in AI are at an accelerating pace for DBS, UOB, and OCBC.
Banks in the Lion City have been deploying AI and big data at an accelerating...
Over US$14.6m funds stolen through crypto fraud
SG is the 9th most targeted market by fraudsters.
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Commentary
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