Singapore

HSBC SG unveils blockchain workflow solution for property developers

It enables developers to fully automate their payments and digitalise their workflows.

HSBC SG unveils blockchain workflow solution for property developers

It enables developers to fully automate their payments and digitalise their workflows.

Singapore probing banks’ involvement in $1.75b money laundering scandal: report

MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.

Funding Socities | Moldaku raises $27m in debt

AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising. 

Standard Chartered boosts cash management offering with multibank connectivity service

It offers real-time visibility, access, and control of cash holdings to companies.

Singapore named Asia’s top fintech hub, fourth globally

The Lion City attracted the highest level of VC investments, offering regulatory stability.

DBS clinches most investment banking fees in Singapore

Deutsche Bank is the top bank for M&As, whilst Citi took the largest share for ECM underwriting.

Singapore’s investment banking fees decline on fewer M&As

Banks also recorded lower DCM fees compared to the first nine months of 2022.

A Seemingly Gargantuan Ask for FSIs: Mixing Individualization, Compliance, and Lighting-Fast Speed in the Consumer Banking Equation

Cracks in the financial ecosystem can erode confidence and deter foreign institutional investment. Recent occurrences, particularly the collapse of three small to mid-sized US banks in March 2023, serve as a stark reminder of the banking sector’s vulnerability and underscore the criticality of risk management and regulatory oversight. This leaves no room for complacency, even in economies such as Singapore, which has long prided itself as a bastion of economic stability.

The New World of Risks Faced by Digital Banks in Singapore

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.

Tech and transformation take center stage at the ABF Summit 2023

Over 180 participants graced the 20+ sessions in the day-long event.

BEA warns against 16 fraudulent websites

It has reported these sites to the local police and the HKMA.

Credit Suisse to pay $1.013b to Georgian billionaire Bidzina Ivanishvili: SG court

The found that Credit Suisse failed to secure trust assets of Ivanishvili. 

Changi Pay joins Alipay+ ecosystem, can now be used to pay in China

New users who top up S$50 will receive S$40 off iShopChangi purchases.

MAS enforced over S$20m in penalties in past 18 months

Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.

OCBC taps Alipay+ to enable customers to pay in China, Korea, Malaysia with digital app

Payments will be made directly from customers’ OCBC SG bank accounts.

 Bank of Singapore names new global head of legal and regulatory compliance

His role is effective starting 2 October, replacing Eric Teh.

OCBC’s Wisma Atria branch launch new partners, celebrates anniversary

The branch receives 7 times more credit card applications compare to banking-only branches.