Financial Services
NETS, PayNet launch cross-border debit payments service
NETS, PayNet launch cross-border debit payments service
The two are also working on cross-border instant fund transfers and QR payments.
Daily Briefing: Clifford Capital to co-found platform for securitising infra debt; MOM expands training programme for PMETs
And a StanChart stalwart joins UOB’s technology and operations department.
Returns of CPFIS-included funds rose 0.18% in Q3
Positive returns of 0.47% were recorded amongst investment-linked insurance products.
Carro, NTUC Income launch pay-as-you-drive insurance
Premiums will be based on the number of kilometres driven each month.
HSBC Singapore adds experiential offering for ultra-rich clients
The Jade offering is for HNWIs with at least $1.2m in cash or investments in the bank.
ICBC, CCDO, SGX to endorse new renminbi bond indices
The new bond indices can be used as performance basis for investing in RMB bonds.
Fintech firm Thunes clinches MAS payments licence
With the new licence, it can now facilitate transactions in its digital membership network.
OCBC unfazed by potential Chinese entry to Singapore's digital banking market
New entrants will face high regulatory costs.
Daily Briefing: Payments platform 2C2P raises $71m funding; Regtech Tookitaki bags $16m in Series A round
And travel-tech Travel Prologue partners Vietnam’s VLeisure to bring B2B services.
Over 2 in 5 MSMEs reject fintechs over data privacy concerns
But over half have already adopted fintech services into their operations.
First Korean startup centre to open in Singapore in 2020
The startup centre will host networks to introduce South Korean startups into the Lion City.
Mapletree Logistics Trusts gains $200m sustainability loan for credit facility
This is the first time a Singapore REIT has ventured into sustainable investing.
Fintech startup GoBear's two co-founders to step down
This follows the resignation of former CEO Andre Hesselink in 2018.
China's Ant Financial eyes virtual banking licence in Singapore
It has not disclosed if it will seek a retail or wholesale licence.
Banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
OCBC and Standard Chartered complete Singapore's first OIS trade using SORA
The trade is a one-year interest rate swap fixed against SORA.
DBS to adopt risk management framework The Equator Principles
This will allow it to test its funded projects according to environmental and social standards.
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