Financial Services
External factors for a successful career in fintech
Asia-Pacific’s fintech scene is buzzing, with Singapore leading as one of ASEAN’s powerhouse.
External factors for a successful career in fintech
Asia-Pacific’s fintech scene is buzzing, with Singapore leading as one of ASEAN’s powerhouse.
Internet firm Sea applies for full digital bank licence in Singapore
It will focus on serving millennials and SMEs.
Data to determine success of Singapore digital bank aspirants
Eight publicly known applicants want to focus on the country’s underbanked segment.
MAS receives 21 digital bank licence applications
Fourteen applied for digital wholesale banks whilst seven went for digital full banks.
Credit costs to weigh on banks in 2020
Combined with shrinking NIMs, this will burden bank earnings.
BNP Paribas to launch e-FX pricing and trading engine
The tech will offer e-FX trading of 50 currencies across various types of rates.
Razer Fintech-led consortium bids for digital full bank licence
It will take up a 60% majority stake in the proposed Razer Youth Bank.
Starhill Global REIT launches $2b debt issuance program
Proceeds will be used to finance acquisitions.
V3 Group and EZ-Link-led consortium join digital banking race
BEYOND consortium has launched a bid for a digital full bank license with a focus on SMEs.
Grab and Singtel team up for digital bank licence
Grab and Singtel will hold a 60% and 40% stake in the consortium, respectively.
Temasek, BlackRock form joint asset management venture in China
They will develop and distribute products for Chinese investors.
Investment banking fees hit record-breaking $1.17b in 2019
DBS Group clinched 11.8% or $138.79m of the total fee pool.
Nearly 1 in 3 millennials prefer cashback cards
Cashback cards are preferred due to their instant benefits.
Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
HSBC Singapore launches new retail banking, investment platforms
Its financial planning and tracking app will have risk and scenario analysis functions.
Losses threaten Razer and Grab's digital banking license bids
MAS is putting emphasis on profitability more than other regulators for the license requirements.
Jardine Cycle & Carriage to sell shares in Bank Permata for $1.53b
Proceeds will be used for investment purposes.
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