Financial Services

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15 Jun 21
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Daily Briefing: Russia central bank governor says digital currencies are the future; OPEC to boost oil output
2 Jun 21
And the IMF and World Bank are set to prioritize vaccinations.
Keppel Land secures maiden $150m sustainability-linked loan from DBS
2 Jun 21
Interest rates for the loan were reduced based on Keppel Land’s ongoing environmental, social and governance targets.
UOB deploys Chronicle's EFX solution to power electronic FX engine
2 Jun 21
It enables UOB to improve price discovery and enhance pricing capability.
SKT secures $238m sustainability-linked loan from DBS Bank
2 Jun 21
The loan will fund expansion of environment-friendly infrastructure.
DBS offers first tokenised digital bond priced at $15m
1 Jun 21
This maiden listing of a security token offer could pave the way for a safer way to trade digital bonds in the future.
DBS prices first digital security offering at DDEx
31 May 21
The $15m digital bond has a coupon rate of 0.6% per annum.
Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down
27 May 21
Trade envoys from the US and China talk on the phone for the first time since US President Joe Biden took office.
Daily Briefing: Bitcoin tumbles and Air India's data privacy nosedives
24 May 21
And US President Joe Biden’s solar power plans hit a snag with labor complaints against China.
DBS, SGX, Standard Chartered, and Temasek team up to take climate action
21 May 21
The new joint venture will create a global exchange and marketplace for high-quality carbon credits.
UOB grants green trade finance facilities to Musim Mas, Barramundi Group
19 May 21
More than S$90b of trade flows meet green and sustainable requirements in Singapore.
Singapore life insurers post 29% jump in weighted new premiums for Q1
11 May 21
Single-premium products grew 85% QoQ in weighted premiums.
DBS doubles its grant programme for social entrepreneurs to $3m
10 May 21
The DBS Foundation has increased its funding pool to support social enterprises.
UOB net profit up 18% with a solid $1b
7 May 21
The growth was driven by lower impariment charges in 2021.
STACS' ambitious battle against a five-decade old model
6 May 21
Why this young ESG-focused fintech startup is determined to reshape the finance industry.
UOB net profit swells by 46% QoQ
6 May 21
The group reported $1b net profit for the first quarter of 2021.
Media-focused fintech startup Few¢ents raise $2.13m in seed funding round
5 May 21
Venture firm M Venture Partners and Hustle Fund participated in the funding round.
Finance sector to create 6,500 jobs in 2021
5 May 21
Approximately 6,000 of these new jobs will be permanent positions.
DBS performance to stay strong: report
4 May 21
Jefferies Equity research says the bank will continue to grow past its $2b net income from the first quarter.
Private Swiss bank buys BMO private bank in Singapore and Hong Kong
4 May 21
The J Safra Sarasin Group completed the acquisition of the Bank of Montreal’s Private Banking Business.
Revolut offers lower cross-border fees, fee-free transactions
4 May 21
Revolut Singapore customers can enjoy a competitive rate in cross-border transactions.
UOB, American Express pilot unlimited cashback card
4 May 21
The card has a flat cashback earn rate of 1.7%.
Great Eastern Q1 profit surges nearly 12 times to $437.6m
3 May 21
Its profit rose from $33.9m from the same quarter last year.
Christina Ong appointed chairman of insurance firm Ed Asia Singapore
3 May 21
She brings with her 40 years of experience in the insurance industry.
DBS net profit smashes record $2b high
2 May 21
DBS' net profit doubled in the first quarter of 2021.
Bank loans down for 10th straight month, but recovery in sight
2 May 21
The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.
Technology is needed to reduce the trade finance gap
30 Apr 21
Trade finance is generally seen as sound finance, underwritten by long-standing practices and procedures.
Mortgage Master raises $980k for Indonesia expansion
30 Apr 21
The morgage brokering platform also plans to help Singapore save more than $100m in home loan repayments.
MAS commits $42m for tech adoption schemes
30 Apr 21
An additional $30m is set aside for the Digital Acceleration Grant scheme, also targeting financial institutions.
Mining company Anchor Resources to dabble in FinTech
30 Apr 21
The company says it is trying to ‘revitalise’ its legacy in the mining business.
Singapore, Thailand launch real-time cross-border payments system
29 Apr 21
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Payments firm Canvas floats card, app for household spending
28 Apr 21
Clients can transfer funds and manage spending on the card via their phones.
Amundi, HSBC launch Singapore's first AI-managed investment fund
28 Apr 21
With historical data and continuous training, the SMART Portfolio 2025 will manage investments with little human intervention.
MAS forms group to boost Singapore fund management ecosystem
27 Apr 21
It will boost Singapore's value proposition as a fund domiciliation hub.
DBS' CFO of Institutional Banking Group Judy Ng elected member of national accountancy body ISCA
26 Apr 21
Roger Tay was re-elected as the treasurer by the council at the same time.
DBS, Contour expand trade finance offerings to four Asia Pacific markets
22 Apr 21
DBS was the first Singaporean bank to join Contour's network.
Better earnings seen ahead of Singapore banks' results: report
21 Apr 21
UOB "may surprise" with better net interest margins and lower credit costs, one analyst has said.
DBS to become largest shareholder of Shenzen bank
21 Apr 21
DBS Bank is set to acquire a 13% stake in Shenzhen Rural Commercial Bank and a seat on its board of directors.
Fintech startup STACS bags $5m in pre-Series A funding round
20 Apr 21
The investment round has been led by Wavemaker Partners, Tribe Accelerator, and Stellar Partners.
Jaime Taylor joins Chaucer Singapore's Political Risks and Credit team
19 Apr 21
Taylor will join the team as a class underwriter, bringing nearly 20 years of experience to the position.

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