Singapore
Tighter fintech watch likely after Chocolate Finance fallout
Tighter fintech watch likely after Chocolate Finance fallout
The central bank might impose reserve requirements to meet withdrawal demands.
1 hour ago
OCBC-backed working group unveils coal financing transition guidelines
It introduces best principles into the financing phase out of coal-fired power plants.
4 days ago
Aussie business-loan provider Bizcap officially launches Singapore operations
Bizcap will provide loans to small and medium enterprises of between $5,000 to $500,000.
4 days ago
GXS Bank launches preferential rates for homeowners under Reno Club
Customers can access exclusive deals from Grab, Singtel, and other partners.
4 days ago
Cambodia joins ASEAN RPC initiative to boost payment links
RPC was launched in 2022 by central banks of Singapore, Indonesia, Malaysia, and more.
5 days ago
Azimut Group appoints Jackson Ng as regional head of fintech, Asia
Ng is currently COO and CTO of Azimut Singapore.
DBS rolls out new benefits under its Heartland Merchant Banking Package
Merchants can save up to S$1,880 through waivers and cashbacks.
Singapore investment banking fees up 18% to $257.5m in Q1
But ECM underwriting fees fell to its lowest since 2016 and syndicated lending fees declined.
Aspire secures capital markets service license in Singapore
It will launch its investment solution Aspire Yield soon.
MariBank launches remittance service for retail and business customers
Service is currently offered on an invite-only basis with 10 currencies and 13 destinations.
UOB to take legal action against Yang Kee Logistics’ ex-CEO
The bank called Ken Koh’s allegations baseless.
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
Singapore places fourth for most ‘ATMs near me’ Google searches
Sri Lanka, Malaysia, Mongolia, and Hong Kong also made the list.
Chocolate Finance to continue 3-6 day withdrawal time frame
It has not disclosed when it plans to return the instant liquidity feature.
GXS Savings Account’s maximum balance raised to S$95K
Interest rate is 2.38% for the Savings Pocket product.
OCBC CEO Helen Wong’s remuneration up 5.7% to S$12.8m in 2024
Her base salary is lower but her bonus is higher.
Trust Bank introduces money lock feature with digital unlocking capabilities
They need their app and card to unlock their money.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks