Financial Services

DBS targets zero thermal exposure by 2039
16 Apr 21
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
MAS slams Bank J. Safra Sarasin's Singapore branch with $1m fine
15 Apr 21
Bank J. Safra Sarasin is at high risk of being used as a conduit for illegal activities, MAS has warned.
MOH forms 12-member health insurance committee
15 Apr 21
It will be the main platform through which the Government will address health insurance issues.
MC Payment buy-now-pay-later transactions cross $500,000 mark
13 Apr 21
It has also seen steady pick-up in transaction volumes recently.
Citi rolls out digital credit cards in Singapore
13 Apr 21
Customers will receive the card through the Citi Mobile app.
Lendlease appoints Justin Gabbani as new CEO, Asia
12 Apr 21
Gabbani will take over from Tony Lambardo who will be the group’s new global CEO.
UOB names Eric Lim as chief sustainability officer
9 Apr 21
UOB has named Eric Lim as its first chief sustainability officer, an announcement read.
UOB prices Singapore's first sustainability bond offering
8 Apr 21
UOB raised $2b with a final order book of $3.7b.
Instarem launches Singapore mobile app, new brand image
7 Apr 21
The initiatives are part of its rebranding to “move beyond” digital remittances.
Fundamental shifts in financial management needed in 'next normal': report
7 Apr 21
83% needed to do financial planning and budgeting at least twice a year, according to a new survey.
60% of property loan customers drawn to SORA-based interest rates stability: UOB
7 Apr 21
However, 70% are still familiarising themselves with SORA-pegged products.
Pandemic pushed more adult Singaporeans to plan retirement: report
7 Apr 21
64% of those aged 31-40 willing to forego capital for higher returns.
Tax governance in the age of digitalisation
6 Apr 21
Fiscal sustainability remains high on the agenda of global economies.
DBS to finance Indonesia's first high pressure acid leach smelter
5 Apr 21
The smelter will manufacture key components for the ongoing production of electric vehicles.
Bluecell, STACS partner for blockchain tech supporting green loans
31 Mar 21
Bluecell will connect its loans-matching engine with GreenSTACS.
Haitong International joins Singapore Exchange
30 Mar 21
This will allow the Group to expand further its service scope in the Greater China region.
Automation, blockchain among CFO post-Covid considerations
29 Mar 21
More than a quarter of finance executives are looking into automating a bulk of their tasks in the next three years.
What the new normal means for banks
26 Mar 21
More than 45% of bank executives are unsure how to embrace new-age banking.
DBS CEO Piyush Gupta expresses support for Vision 2050 agenda
26 Mar 21
The agenda is a refresh of the first report published 10 years ago.
Fintech startup #dltledgers lands $9.44m in a Series A Funding Round
26 Mar 21
The round was led by Regis and Savoy Capital, Vittal, and Walden International.
Bitcoin: High risk at what reward?
25 Mar 21
The supply of Bitcoin has already reached 88.7% of its minable capacity.
SOCASH partners up with Singtel Dash to improve payments, remittance services
24 Mar 21
It will help migrant and foreign domestic workers remit money safely amidst COVID-19.
Astrea private equity bonds tokenised on iSTOX
23 Mar 21
iSTOX has reduced the minimum investment size by 10 times.
OCBC to roll out face verification in eight Singapore ATMs
18 Mar 21
The bank will extend the technology to all of its ATMs in Singapore progressively.
General insurers post flat growth in 2020
18 Mar 21
Underwriting profit reached $237.3m.
Moonstake launches partnership with blockchain Orb
17 Mar 21
Moonstake will support the staking of Orb’s official token on Moonstake Wallet.
Payoneer, Mastercard partner to offer digital solutions to SMBs
12 Mar 21
The service streamlines how SMBs use their earnings.
Fintech firm Zilliqa Capital announces launch
11 Mar 21
The firm will be led by Ether Capital's co-founder and former CEO Michael H.
DBS CEO Piyush Gupta's pay down 24% to $9.18m in 2020
10 Mar 21
His cash bonus dropped 27% amidst cutbacks in the bank.
UOB to raise pay, floats promotions for 98% of bank's employees
9 Mar 21
Review of compensation packages for senior management will be considered later.
MAS appoints six senior managers
8 Mar 21
Ho Hern Shin will take over the position of deputy managing director.
Goldman Sachs to hire tech employees in Singapore
8 Mar 21
Part of the tech hiring will support the bank’s cash management operations.
Indosuez reveals three new senior appointments in Singapore
4 Mar 21
They are Shiladitya Choudhuri, Jensen Wee, and Harpreet Singh.
MAS unveils joint paper on managing remote working risks
3 Mar 21
Financial institutions are called to benchmark their practices against examples in the study.
MAS bans four individuals for market misconduct
3 Mar 21
They have also been convicted.
Mizuho concludes deal with Furukawa Electric
2 Mar 21
Furukawa Electric was recognised for its environmental initiatives.
Bank accounts of suspected scammers can be frozen within a day: MHA
2 Mar 21
Minister Desmond Tan lays out plans to prevent scams.
Lendela's journey as a business-loan matchmaking platform
25 Feb 21
The platform handles both the lending process for borrowers and lenders.
SingSaver floats investments category
24 Feb 21
Users can compare different online brokerage platforms.
LCH extends central clearing of SORA derivatives to 21 years
23 Feb 21
The Monetary Authority of Singapore is set to extend the tenor of daily SORA derivatives to 20 years.

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