Singapore
Trust Bank revenue doubles to S$97m whilst losses narrow in 2024
Trust Bank revenue doubles to S$97m whilst losses narrow in 2024
Costs reportedly rose only 4% in 2024, the Singapore-based digital bank said.
Aleta Planet launches payment app for Muslims
The platform will soon let users find Muslim businesses in the region.
DBS’ ‘superior’ funding franchise a buffer against volatile financial markets
However, problem loans are likely to increase, and profitability will decrease.
DBS CEO Tan Su Shan ranked sixth most powerful woman in business
Tan took the helm in SEA’s largest bank in April 2025.
Arta Finance partners with IAFA to give investors exclusive investment
IAFA will use Arta's AI tools.
Maybank facilitates $545m in investments into Johor-Singapore SEZ
It has facilitated submission of Letters of Intent by Thomson Medical Group, etc.
Embedded finance platform Credilinq closes $8.5m Series A funding round
It plans to expand to the US, and eventually the UK and Australia.
Singapore in talks with banks to enhance financing schemes for businesses
Local companies have expressed concern on delayed and cancelled orders.
Digital wallets dominate Singapore’s e-commerce payments value
Cards remain the top choice for point-of-sales (POS) spending, according to Worldpay.
Franklin Templeton gets approval to launch first retail tokenised fund in Singapore
Investors will be able to access the fund with a minimum investment of US$20.
Singapore banks deliver resilient Q1 earnings and reaffirms capital mgmt plans
Exposure to clients exporting to the US accounted for just 2% of loans.
PayPal enables payment acceptance from over 200 markets
The new solution allows businesses to hold multicurrency balances.
OCBC integrates stockbroking subsidiaries to Global Markets division
The bank expects to develop “more holistic” wealth propositions for its HNW customers.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
UOB maintains profitability despite possible slower loan growth
Management sees demand for hedging, particularly for foreign exchange.
China’s XTransfer granted electronic money institution license in the Netherlands
They plan to expand services across 30 countries in Europe.
DBS adds extra toggle when adding cards to mobile wallets
This creates a “deliberate pause” for users to verify their intention, the bank said.
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He emphasised that balancing innovation with sustainability is now key to fintech’s growth trajectory.
