Financial Services
Almost three-fifths use mobile payments as contactless cards maintain hold
62% expect that their mobile payment usage will increase next year.
Almost three-fifths use mobile payments as contactless cards maintain hold
62% expect that their mobile payment usage will increase next year.
MAS commences first phase of AI adoption initiative
The consortium is developing a fairness metric for credit scoring and customer marketing.
Investors flocking to IFCs for assets: study
Almost half of institutional investors are already benefiting from using one.
NUS raises $300m through maiden green bond
It will finance projects under its Green Finance Network.
Singapore's Fintech market in 2020: coronavirus and new business realities
Businesses around the world have taken a major hit in the wake of the COVID-19 pandemic and Singapore is not an exception. Fortunately though, as many...
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
DBS approves loans worth $1.1b for micro, small businesses
Interest rates of Enterprise Singapore financing schemes averaged 2-3%.
New life insurance business premiums up 10% in Q1
More consumers take action to secure their financial future in view of COVID-19.
Financial institutions to reopen customer service locations from 2 June: MAS
But most staff will continue to work from home.
Great Eastern, health firm Doctor Anywhere bolster venture
The latter has been providing health service to group insurance clients since 2019.
OCBC customers ramp up adoption of digital services amidst pandemic
The number of SME accounts opened digitally more than doubled in Q1.
Lower dividends on the horizon for banks' shareholders: analyst
Requirements to allow for losses may force dividends to be cut.
RIABU unveils campaign to urge large firms pay SMEs on time
The movement, Pledge2Pay, aims to help SMEs survive the COVID-19 period.
Manulife Singapore pilots health tracker
The MOVE Health Score has a scoring method for gauging fitness.
POSB opens 41,000 accounts for migrant workers
This follows the advisory from the Manpower Ministry to pay salaries electronically.
MAS, SFA, AMTD hand out $6m grant for fintechs
The grant aims to help fintech firms maintain their operations and enable them to innovate further.
OCBC's credit costs to recede after Q1 ‘front-load'
The bank expects to record 100-130bp in cumulative credit costs.
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