Financial Services
Banks embark on risky overseas pivot
Banks embark on risky overseas pivot
Loan exposure to China has grown although loan quality has yet to be tested.
Rate floor for interest on SMRA extended until end-2020
The minimum 4% rate will expire on 31 December 2020.
MatchMove partners with P2P lender MoolahSense to extend service to SMEs
It aims to provide credit evaluation and capital distribution for SMEs.
UOB unveils branch in Guangdong
It will provide cash management and foreign direct investment advisory services.
Singapore banks ace corporate customer satisfaction survey
DBS nabbed the top spot in terms of back office centralisation.
Singapore asset management industry defies global slowdown in 2018
AUM rose 5.4% to $3.44t.
Hong Leong Finance seeks partner in bid for virtual bank license
The fax-using firm aims to revamp its platform to boost customer base.
Daily Briefing: HDB rolls out AI system for construction worker safety; Jervois Road GCB for sale at $38.8m
And MAS opens applications for bicentennial $20 notes.
Chart of the Day: Banks stomach larger asset quality risk in overseas pivot
OCBC's non-SGD loan book exposure hit 65% in Q2.
Daily Briefing: OCBC looks to expand AI lab; HR and benefits platform HReasily has secured a $6.9m in a financing round.
And Ministry of Manpower launches new Service Industry Transformation Programme.
DBS launches blockchain-powered platform to enhance trade finance for Chinese SMEs
It offers multi-tier financing solutions to more than 1,000 suppliers within 24 hours.
Chart of the Day: Which bank has the highest unsecured NPA?
This lender has more than half of its bad assets unsecured.
Daily Briefing: Income ceiling of HDB flat buyers raised; Grab Financial plans Singapore-Philippines cross-border remittance corridor
And venture builder Antler will set up Indonesian office in 2020.
MAS and SAL trial programme linking payments firms and legal services
It provides payment firms access to lawyers specialising in payment services regulations.
Ping An fintech unit eyes digital banking licence application in Singapore
OneConnect received a virtual banking license in Hong Kong earlier this year.
Work injury compensation law to take effect in September 2020
About 300,000 more employees will be covered under the insurance.
Singapore launches e-service to aid banks against money laundering and terrorism financing
It aims to address compliance challenges faced by financial institutions when financing trade.
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