Financial Services
OCBC to hand out $1b in SME loans by 30 June
OCBC to hand out $1b in SME loans by 30 June
The bank will pass all cost savings to SMEs by lowering the interest rate.
UOB offers $200,000 pre-approved loans to small businesses
The bank has approved three times more loans in March compared to January.
Almost half of finance leaders admit scant reporting on ESG
More than a third said that they find environmental impact the hardest to report about.
MAS urges clients to refrain from visiting financial firms
They are encouraged to use digital channels for their financial needs.
Big three banks to average 38% fall in Q1 earnings: analyst
Margins are expected to shrink 6-10bps compared to Q4 2019.
MAS offers near-zero interest rate loans for banks
The facility aims to help make loans more affordable for SME borrowers.
MAS signs MOU with EU regulator on financial benchmarks
It allows Singapore’s financial benchmarks to be used in the EU.
Singapore Fintech in a Time of COVID-19
Fintech flourished in the decade after the 2008 financial crisis, but how will the industry fare in the face of the COVID-19 outbreak?
One in three Singaporeans to have digital-only bank accounts by 2025
But locals have one of the slowest adoption rates amongst the 13 countries surveyed.
DBS to hold annual general meeting digitally on 30 April
It will focus on the agenda indicated in the original 9 March notice.
AXA begins COVID-19 social media campaign
It will support 1,200 ICUs in 60 countries, including Singapore.
How DEXTF is shaking up the asset management scene
The platform reduces the costs of investing by up to 20 times.
OCBC activates Google Pay P2P funds transfer service
The app uses PayNow to make real-time transactions.
OCBC CEO's total pay rose to $11.1m
Tsien donated $650,600 to #OCBCCares programme.
Great Eastern boosts digital tools amidst COVID-19 pandemic
Authorisation of policy purchases will be simplified.
Maybank Singapore, Liquid Group float QR payment platform for merchants
ABS will grant $25 in cash to the first 20,000 new PayNow sign-ups until 31 July.
Citi Singapore hands out $1,200 aid to employees
Around 1,600 will benefit from the compensation.
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