Frances Gagua

Ant Group unveils new Singapore office, launches foundation

Ant Group unveils new Singapore office, launches foundation

Ant also pledged to increase investments for cutting-edge tech to enhance trust and efficiency of digital commerce.

Vietnam’s Techcombank opens two new HQs in Hanoi, Ho Chi Minh

The buildings are energy-efficient and wholly owned by the bank.

JCB unveils special Hokkaido shopping offers for foreign cardmembers

JCB cardmembers with plastics issued outside Japan will enjoy special shopping offers.

MAS teams up with BIS, Swiss and  France central banks to test wholesale CBDCs

Project Mariana used DeFi technology concepts on a public blockchain.

HSBC SG unveils blockchain workflow solution for property developers

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

MUFG names ex-JPMorgan banker as managing director of GCIB China

He has served several senior roles in JPMorgan Chase Bank China.

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. 

RHB Islamic Bank targets $1.28b in wealth management by 2026

Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.

ANZ pays A$15m fine for excessive credit card advance fees

ANZ reportedly breached the ASIC Act and the National Consumer Credit Protection Act.

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.

Thailand’s TMB Thanachart Bank to see higher profits in Q3

Net profit is expected to come at around $117.5m, 14% higher than a year ago.

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.