Financial Services
MAS tweaks licensing rules to make crowdfunding more accessible to SMEs
More platforms will be licensed under new rules.
MAS tweaks licensing rules to make crowdfunding more accessible to SMEs
More platforms will be licensed under new rules.
Daily Briefing: In-demand banking jobs in Singapore; Frasers Logistics to raise S$900m
And here’s what the fixed rate home loan package means for Singaporeans.
Great Eastern divests Vietnam business for $48.2m
It was sold to FWD Life insurance company.
Finance hiring stumbles in April as bank earnings dip
Increased digitisation is also a culprit.
MAS mulls “regulatory sandbox” for new fintech solutions
Regulations will be eased to boost innovation.
Comply or else: MAS shows teeth as it nixes fund manager’s status, says global law firm
Financial institutions, licensed or exempt, should comply.
Chart of the Day: Banks pin their hopes on construction firms as business loans slide
Consumer lending is also a bright spot.
Singapore bank lending drops 0.9% in March as business loans slip
Business loans dropped 1.6%.
Chart of the Day: Local venture capital deals surge in 2015
Check out the most active VC firms this year.
There's a big misunderstanding between wealth managers and their Singaporean clients
Local clients demand clearer fee structures, better mobile apps.
Singapore banks gasp for air as customers shun Singapore savings bonds
Take-up rates fell to 7.3% this month.
Chart of the Day: Singaporean bankers are struggling to sell loans as client demand wanes
Demand for both business and consumer loans is weak.
MAS eases car loan rules as COE prices sink
Loan tenures have been lengthened.
MAS orders Swiss bank BSI to shut local operations for money laundering
It was also slapped with a $13.3 million fine.
DBS, OCBC roll out voice biometrics for phone banking customers
Clients can be authenticated in just 15 seconds.
Chart of the Day: Slowing China takes a bite out of banks’ loan books
Asset deterioration remains a key threat.
Retail investors can now buy wholesale bonds under new seasoning framework
Some issuers can sell bonds without a prospectus.
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