Financial Services
MAS commits $250m to drive innovation, local talents in fintech
MAS commits $250m to drive innovation, local talents in fintech
The regulator plans to raise the maximum grant for AIDA project from $1m to $1.5m.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Singapore's life insurance sales sink 13% in H1
Movement restrictions led to a 25% drop in annual premium business.
AXA mulls sale of Singapore unit
The sale process could begin as early as the next few weeks, according to sources.
Majority of Singaporeans now prefer professional financial advise: study
More than 80% said that they now prioritise seeking financial advice before a major decision.
MAS urges finance firms to ease dividends after pressing on banks
They are also suggested to offer shareholders the option of receiving FY2020 dividends in scrip.
OCBC's H1 net profit plunges 42% to $1.43b
Q2 group net profit picked up 5% from Q1 but crashed 40% from a year earlier.
HSBC reopens revamped Claymore Plaza international centre
Employees will move in come 11 August.
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
MatchMove launches cross-border B2B remittance platform
Fees start at $8.9 per remittance.
FWD Singapore warned over data breach
Personal data was leaked through payment advice letters.
MAS rolls out key schemes to bolster SORA adoption
It will issue SORA-based floating rate notes monthly, amongst other plans.
Standard Chartered Singapore unveils online simulators for wealth lending service
It simulates the rate of returns of wealth portfolios.
MAS, NRF, NUS to set up school for digital finance and fintech
It aims to build up leadership and innovation in the region.
Grab Financial floats products under new strategy
These include a micro-investment solution and "buy-now-pay-later" plans.
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Commentary
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