Financial Services
Funding Societies secures backing from Gobi Partners to drive SME fintech growth
Funding Societies secures backing from Gobi Partners to drive SME fintech growth
The partnership will enhance Funding Societies’ tech-driven lending processes and risk management.
Chocolate Finance clears most withdrawal requests after halt
90% of March 10 withdrawals have been processed.
MoneyMax completes digital token issuance
The tokens are Series 011, Series 012, and Series 013.
Singlife, aberdeen launch new share class of global income bond fund
The fund invests substantially in global multi-sector bonds rated BBB and BB.
Banks’ profits to remain ‘stable’ this 2025
Meanwhile, problem loan ratios are expected to remain at 1% to 2%.
Singapore leads in card payment usage in Southeast Asia
Cards are the most widely accepted payment option.
Chocolate Finance, Allfunds reaffirm fund security and orderly withdrawals
Funds are securely held according to Singapore’s regulations.
Wee Ee Lim receives UOL and Haw Par shares from late father’s estate
Wee received 115 million shares in UOL and 1.64 million shares in Haw Par Corporation.
ValueMax Group launches eighth series of 3-month commercial paper in SDAX
This is part of the company’s fundraising efforts.
Saxo Bank now part of European financial group
The acquisition positions the group to expand its offering.
YouBiz, TikTok to boost financial efficiency for businesses
The collaboration aims to help e-commerce brands optimise advertising spending and reduce financial inefficiencies.
Is the digital wealth opportunity a zero-sum game for WealthTechs and banks?
As WealthTech breaks new ground within the high-net-worth individual (HNWI) sector and banks speed up their digital wealth offering, what does it take...
Gov’t to inject $1.2b to fund enterprises' growth
It will introduce two new funding programmes for enterprises.
Banks see stable credit costs and resilient earnings: RHB
The sector has had a strong start to the year, outperforming ASEAN peers.
MAS bans credit use for cryptocurrency purchases
MAS aims to help consumers avoid losses from crypto investments.
Sea Limited net profit nearly triples to $599.8m in 2024
Revenue also rose 28.8% YoY.
Most Singaporeans unaware of hidden FX transaction costs
More than half (56%) fail to account for additional service fees and exchange rate markups.
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Commentary
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