News
Fintech Validus buys Citi’s CitiBusiness loan portfolio in Singapore
Fintech Validus buys Citi’s CitiBusiness loan portfolio in Singapore
It’s the first fintech in SEA to acquire an established bank’s loan portfolio.
Singapore forms buy now, pay later working group to develop framework
The working group is calling out to local organisations offering BNPL to join their ranks.
Travel-seeking Millennials, Gen Z could boost buy now, pay later: study
BNPL services could even inspire a lifetime of loyalty, according to GlobalData.
Dah Sing Bank reopens Kwai Fong branch
It is open from 10 .m. to 5 p.m. on weekdays.
Citi HK’s Treasury and Trade Solutions appoints two senior roles
Both reports to Vishal Kapoor, head of Citi’s TTS in Hong Kong.
Buy now, pay later to make up 8% of e-commerce transactions in 2025: FIS
Digital payment methods chip away at card use and bank transfers.
Buy now, pay later (BNPL) market is projected to grow at a compound annual growth rate (CAGR) of 40% through 2025 to become the fastest growing online payment method in Singapore, reports FIS.
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
Citi names new APAC Head of Markets
She has been with Citi for 15 years.
DBS China appoints Ginger Cheng as new CEO
Current CEO Neil Ge will be retiring from the bank at the end-June 2022.
Weekly Global News Wrap: India’s Paytm Bank punished for data lapses; Record bonuses spur Wall Street banks’ staff churn
And Barclays suspends sales of two products related to oil, volatility.
MUFG Bank joins think tank for CO2 and storage capture tech
CCS is expected to play a role in reducing CO2 emissions in the world.
Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025
In 2022, the market will grow to $1.7t, according to GlobalData.
1 in 4 retired investors interested in digital wealth management services: study
Wealth managers are called to ramp up digital services for retired investors.
DBS CEO Piyush Gupta’s salary up 47.8% to S$13.57m in 2021
His cash bonus jumped 51% in 2021 compared to the previous year.
Australian mortgage market to 'hold steady' in 2022
Economic recovery will support performance and hold delinquencies steady.
Dah Sing Bank reopens four branches
They are open on weekdays.
DBS forges on with net-zero goals in 2022
It is transforming its data centres and server rooms into carbon-neutral assets.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth