Financial Services
Singapore banks to post record low NIMs in Q2
Singapore banks to post record low NIMs in Q2
They are expected to pencil in 16-22bps decline, with every 10bps having a 6-8% impact on net profit.
Razer's digital bank proposition aims to dazzle the global youth
The consortium is going big with its dream of meeting the underserved youth’s financial needs globally.
MAS fines trust firm for money laundering breaches
Asiaciti Trust committed money laundering breaches between 2007 and 2018.
DBS floats online resident payment collection platform
It reduces risk of cash and cheque mishandling.
MAS proposes enhanced powers to address financial risks
The regulator plans to require licenses to any person in Singapore issuing digital tokens.
Transfer pricing in pandemic times
The COVID-19 pandemic is being felt in the operations of businesses worldwide and one of the most striking disruptions is evident in supply chain...
Singapore Fintech Association launches grants and jobs portal
Job seekers can access the latest job postings, grants, and news in the fintech space.
UOB grants rebates for One cardholders at Dairy Farm stores
Credit card members can earn up to 10% cash rebate.
OCBC grants SingPass app access to digital banking services
The service was first rolled out on 4 July.
Gojek integrates ride-hailing service onto DBS PayLah!
The first 20,000 customers will earn a $3 cash rebate.
MAS' environmental risk initiative a positive for banks: Fitch
Sustainable financing amounted to around 2-3% of the big three's 2019 loan portfolios.
AMTD, SFA to prop up country's fintech firms
SFA will be a permanent member of AMTD's SpiderNet network.
MAS-led Project Ubin Phase 5 shows commercial capabilities
The prototype successfully settled multicurrency transations on the same network.
Weak operating environment spells trouble for Singapore banks
More than half of the big three’s loans are exposed to at-risk overseas markets.
MAS, CAD issue joint probe on Citadelle, Senjo over Wirecard mishap
Both firms are also being probed over carrying on a trust business without a licence.
Singaporeans to pursue online banking even after the pandemic: survey
This includes older Singaporeans who have adapted to more online services.
Deutsche Bank approves US$25m green loan for rubber franchise Halcyon
It will be used for the maintenance of the company’s plantations.
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