Singapore

Local fintech companies raised more than $9.2b across 389 deals during this period.

Announced regulatory policies aren’t enough to shield the sector from the pandemic’s punches.

Citi has recruited Kartik Mani as the Asian head of cards and unsecured lending, according to an announcement. He will be responsible for lending and partnerships in Asia.

It aims to support more stable USD funding conditions in Singapore.

Businesses will be able to establish an online presence within three business days.

And some US lenders hand out bonuses to staff amidst the pandemic.

Online platforms and employee distancing should be implemented.

Banks can cope with disruption through Red Hat's cost effective solutions.

Market profitability and credit demand are likely to be affected.

Proceeds will be used for general corporate funding purposes.

Advisory fees for M&A deals plunged 80.4% YoY to $11m.

It partnered with lender Singapura Finance and other fintechs for its bid.

Users can add their cards to Apple Pay using the Revolut app.

And a Mexico central bank staffer tests positive for COVID-19.

NIM forecast has been slashed to 1.68% as NPL ratio could rise to 1.9%.

The policy recorded more than 52,000 sign-ups in a day during its peak.