Financial Services
HSBC Singapore launches new retail banking, investment platforms
HSBC Singapore launches new retail banking, investment platforms
Its financial planning and tracking app will have risk and scenario analysis functions.
Losses threaten Razer and Grab's digital banking license bids
MAS is putting emphasis on profitability more than other regulators for the license requirements.
Jardine Cycle & Carriage to sell shares in Bank Permata for $1.53b
Proceeds will be used for investment purposes.
Robocash integrates European platform to its Singapore holdings
European P2P investors will be able to invest in the business development of the group in Southeast Asia.
MAS co-launches steering committee for the insurance industry
It will monitor trends and identify emerging issues, collaborate with MAS on initiatives.
Great Eastern partners with Malaysian fintech to launch SMEs pool-based insurance
Takaful products will be offered across Malaysia and Indonesia.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
Daily Briefing: SingSaver launches digital insurance comparison platform; Hardware firm Home-Fix closes down
And Pan Pacific Hotels Group rebrands The Westin Prince Hotel in Toronto.
MAS revokes CT Bright Investment's CMS license
CBTI breached numerous rules and license conditions, says MAS.
Singapore crowned as APAC's fintech leader: study
In APAC, only Singapore and Indian cities made it into the global top ten.
Daily Briefing: Maybank Kim Eng cuts 5% of Singapore staff; Beauty salon booking platform Vaniday shuts down
And bridal studio Beautiful Love Wedding suddenly closed.
400 million wearables could be converted for smart payments push by 2022
Mastercard and Tappy are using token technology to allow payments using accessories.
Grab launches Asia's first numberless card
It offers better card security an expanded rewards system.
FinAccel raises $122m in Series C equity funding
It will expand to Indonesia.
Liquid, Asia United Bank launch cross-border QR payments service
This will enable cross-border transactions between Singapore and the Philippines.
Tribe raises $21.5m to boost market-ready blockchain tech
The firm is focused on expanding its technology and applications by 2020.
MAS extends bilateral currency swap program with Bank of Japan
Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.
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