Financial Services
MAS orders Wirecard to stop payment services in Singapore
MAS orders Wirecard to stop payment services in Singapore
All customer funds shall be returned by 14 October.
SOCASH expands OCBC's cardless ATM network to 1,500 stores
It allows cash withdrawal from supermarkets, convenience stores, and cafes.
PayNow increases limit for ad-hoc transactions to $5,000
Users may also set their own PayNow limit.
AirAsia's Bigpay floats payments, remittance service in Singapore
It will launch its mobile app and prepaid Visa card in the next weeks.
Opening up banking: Building data decency into financial networks
Before COVID-19, the rise of open banking had already set off a race around the globe to transform the financial services industry. Catalyzed by...
LIA Singapore unveils new wave of support measures
They will launched a second wave of the DPP for policies not already on the scheme.
UOB grants $120m green loan to Farrer Park Company
It will be used to re-finance Connexion, Singapore’s first integrated healthcare and hospitality complex.
UOB freezes hiring, pay as outlook dims: report
The hiring freeze will last until December 2021.
StarHub Group clinches $80.7m sustainability-linked loan
CIMB Bank will grant rebate against the loan interest if the group meets its targets.
Insurtechs Surer, My-Insurer partner to streamline advising process
They will upskill each others' user base through discounted pricing and joint education.
Singapore firms lead digitisation efforts in APAC: survey
45% of corporates in the Lion City have a "well-defined strategy".
Razer Fintech, Templeton partner for digital wealth management platform
This will first focus on Singapore, Malaysia, the Philippines, and Vietnam.
Singlife, Aviva Singapore to merge
Singlife and its consortium will acquire a 75% stake in the latter.
TikTok's parent mulls injecting billions into Singapore: report
It applied for a banking licence back in June.
Chart of the Day: Singapore's top 10 fintech deals raised $259m in H1
This makes up 73.8% of all investments in the country during the period.
Majority of banks believe that AI will stop money laundering: survey
86% still believe in older rules-based technology for AML compliance.
MAS floats guidelines to bolster FIs' ethics, accountability
Senior managers responsible for core functions should be identified.
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Commentary
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