Financial Services

MAS fines surge 579% amidst heightened scrutiny: report

MAS fines surge 579% amidst heightened scrutiny: report

Fenergo links the increase to KYC, AML, and sanctions breaches flagged after tighter supervision.

Singapore keeps retail out of crypto for now

The central bank is unlikely to change its stance in the next two to three years.

SGX RegCo names Dr. Sung Cheng Chih chairman

Dr Sung pledges strong leadership to steer SGX RegCo.

AI investment concentrates in high-growth sectors

Finance, professional services, and education emerge as leading beneficiaries.

Singapore, China deepen financial links through cross-border projects

Financial initiatives aim to boost ASEAN-China connectivity.

StraitsX, Solana launch XSGD, XUSD for seamless payments

XSGD, XUSD process over $23.2B (US$18B) in transactions across blockchains

Singapore’s tighter rules push Chinese wealth overseas

Compliance checks raise friction as investors explore multi-market strategies.

Stricter AML rules push firms toward advanced tech

MAS’s tougher guidelines raise compliance standards and accelerate AI adoption.

Will Singapore banks maintain momentum in 2026?

Dividend yields are expected to reach as high as 6%.

More scams drive complaints to highest level in 20 years

Fraud and scam-related disputes account for nearly half of all claims.

UOBAM launches gold portfolio mixing bullion, mining stocks

There’s a growing interest from retail investors for gold-linked exposure.

Singapore sees slower crypto user growth despite high adoption

Both Singapore (28%) and Hong Kong (27%) show high familiarity but slower growth in new users.

Asset manager Lighthouse Canton to invest $1.5b in India: report

It’s $1b in private credit and $500m in real estate over the next 3-4 years.

iFast Corporation posts $26.1m net profit in Q3

The bank credits growth on its unit trust, wealth management, and ePension platforms.

Singapore investors lead globally in AI-driven investing

Interest in AI education is also high, with 39% planning to learn more about AI-driven investment strategies within the next year.