Financial Services
SC-SCTS outlines SOR's role as fallback rate
SC-SCTS outlines SOR's role as fallback rate
Transition from SOR to SORA is expected before end-2021.
Economic fallout hits on Singapore banks' outlooks: Fitch
Impaired loan ratios are expected to more than double from end-2019 levels.
MAS, MOM to raise minimum qualifying salary for EP holders in finance
They are expecting job creation to be slower in H2.
Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users
Users buying from Fave’s partner merchants will receive up to 20% instant cashback.
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
OCBC's Bank Data Certification Pathway gains IBF accreditation
Successful programme participants will now be qualified as data analysts.
NETS, Singtel team up to expand digital cross-border payment services
It leverages Singtel’s ConnectPlus Managed Network and AWS’ cloud computing platform.
ERA, LytePay, Rapyd launches business wallet and payment card for real estate agents
The card is set to offer instant commission payouts and other financial benefits.
Seven in 10 businesses to adopt fintech in the next year: report
Mobile payments will be utilised more in the next 12 months.
UOB resumes full operation of bank branches
Customers visiting a branch are required to wear mask and follow safety protocols.
Hong Kong, Singapore wealth management take a snag amidst the pandemic
Lockdowns across the region force wealth managers to stay at home.
Retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Singapore leads shift from Libor with $500m note sale
The country's central bank is the first Asian government body to do so.
MAS bans two individuals for fraud
Both have also been sentenced to prison.
DBS Private Bank's main portfolio hits 7% YTD gains in July
It is designed to capitalise on long-term, irreversible growth trends.
Over 4 in 10 senior management roles in banks are Singaporeans: MAS
The regulator assures that citizens are well-represented in local senior roles.
OCBC floats new SORA-based home loan
It is available for all loan types such as completed properties and properties under construction.
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