Financial Services
Great Eastern Holdings Q1 profits surged 68% to $152.9m
It attributed the growth to higher profit from its Singapore insurance business.
Great Eastern Holdings Q1 profits surged 68% to $152.9m
It attributed the growth to higher profit from its Singapore insurance business.
MAS imposes 4-year prohibition order on ex-Credit Suisse rep
Lim Fang Wee hid the identity of the owner of 3 accounts from the bank.
UOB profits jumped 21% to $978m in Q1
Its record high earnings were boosted by higher incomes from interest and fees and commissions.
MAS requires over-the-counter derivatives trades to be centrally cleared
Banks with $20b OTC derivatives will be required to clear their trades through regulated counterparties.
Can Indian banks weather the last wave of bad loan resolution?
Profitability is set to suffer but cleaner balance sheets will produce benefits in the long-run.
Emerging Asia is leading the global corporate banking charge
CAGR from 2009 to 2016 clocked in at 12%.
Singapore bank lending up 5.4% in March
Thanks to sustained demand for home and corporate loans.
Marvelstone opens Smart City Innovation Lab in Singapore CBD
The facility will focus on fintech, blockchain, and AI for 20,000 startups and institutions.
Anapi offers protection for digital startups
Its smart API platform is complemented by a machine learning engine.
DBS profits up 26% to $1.52b in Q1
Net interest margin rose 9 bps due to a strong Singapore dollar.
MAS sets standards for accountability of financial managers
It launched a public consultation for 3 guidelines that FIs should follow.
Singapore to cut length of fintech patent applications to six months
Applicants need to furnish a “Fast Track” document to be recognised as fintech.
Citi links credit card to Apple Pay's system
The service was simultaneously launched in Australia and Hong Kong and will be rolled out to Taiwan later this year.
Singapore and Vietnam tie up for fintech cooperation
Additionally, the two countries also revised a partnership on banking supervision.
E-payment platform UNPay launched in Singapore
The platform, which has been tapped by Alibaba and Baidu, previously raised US$63m from initial funding.
Chart of the Day: 96.5% of taxpayers filed their tax returns on-time
About 780,000 of them filed tax returns electronically.
OCBC appoints Dennis Hong as managing director of OCBC Securities
He has been the deputy managing director of OCBC Securities since 15 March 2018.
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