Financial Services

GLP secures largest sustainability-linked loan in APAC
23 Feb 21
ING acted as coordinator and GLP’s ESG advisor for the deal.
One-off tax impact boosts Great Eastern's Q4 net profit to $341.3m
23 Feb 21
FY2020 net profit fell 4% to $960.6m.
TransferWise renamed to Wise, to expand APAC reach
22 Feb 21
Over 70 people will be hired in the country this year.
Daily Briefing: More hawkers go digital; SGX pursues plan to list SPACs; Graduates struggle to find employment
19 Feb 21
And Graduates struggle to find employment.
Fintech Firm TranSwap enters UK market
19 Feb 21
The expansion is in line with efforts to empower global business growth.
UOB, SBF to connect firms to opportunities across ASEAN
19 Feb 21
They will provide on-ground assistance and financial support for digitisation.
HSBC Singapore to name new CEO
18 Feb 21
Current chief Tony Cripps will become CEO of Saudi British Bank in May.
Kristal.AI launches digital family office
18 Feb 21
A Variable Capital Company was also launched at the same time.
Fintech funding crashes by 58% in 2020
18 Feb 21
The decline is the lowest in four years.
GIC, CDH Investments partner for Philips' home appliances bid
11 Feb 21
They will submit a joint offer for the US$3.6b home appliance business.
ISCA rolls out $8m support fund
11 Feb 21
The fund aims to help the accountancy sector tide over the pandemic.
Simplifying management of spending rules with Volopay
11 Feb 21
The fintech startup offers a seamless, completely digital method of financial control.
Singaporeans trust robots more when it comes to money
11 Feb 21
Drastic changes in the finance profession may be imminent.
DBS touts new business platforms for 2021 as Q4 net profits fall 33%
10 Feb 21
Net interest income is 6% lower in FY2020 than the previous year.
Mapletree Logistics Trust secures $200m green loan from OCBC
10 Feb 21
The loan is a first for MLT.
Singtel, Etiqa launch digital insurance savings plan
10 Feb 21
Customers can start saving from as low as $50.
Life insurers' new premiums jump 3% to $4.38b for Q4 2020
9 Feb 21
New policies bought online surged to 206,679, most of which were single premiums.
Digital financial assets and fund management in Singapore―what more could be done?
5 Feb 21
Distributed ledger technology (DLT) and cryptocurrencies have continued to develop and mature in Singapore and around the world over the past 12...
Google co-founder Sergey Brin sets up family firm in Singapore
5 Feb 21
Singapore’s stable economic and political landscape is attractive to the uber-rich.
Qapita secures investment from East Ventures
3 Feb 21
The funds will be used to build its team in Singapore, India, and Indonesia.
MAS allows SDAX to operate digital asset exchange
2 Feb 21
The platform makes use of blockchain technology to power its exchange processes.
MAS, CAD to probe firms under CoAssets Group
1 Feb 21
Amongst the group's companies, only CA Funding is regulated by MAS.
DBS to boost hiring of financial advisers in 2021
1 Feb 21
This will include hiring for the newly created insurance consultant role.
Consumers prefer contactless payments: survey
29 Jan 21
61% of Singaporeans shop online whenever possible.
HSBC Singapore names Regina Lee as commercial banking head
28 Jan 21
She will succeed Alan Turner effective 1 March.
Artivision Technologies shareholders approve RTO of MC Payment
27 Jan 21
Artivision will be renamed MC Payment Limited.
Prudential extends free support to Singapore residents hospitalized due to COVID vaccine
26 Jan 21
First 100,000 customers and non-customers to sign-up can receive $100 per day of hospitalisation.
SGX, Temasek form digital asset JV on capital market workflows
25 Jan 21
The venture will look to partner with fixed income issuance platforms.
DBS rolls out industry's first digialised audit confirmation solution
25 Jan 21
Corporates and SMEs’ audit confirmation requests will be processed in less than a day.
Singapore's IP insurers to cover COVID-19 vaccine complications
25 Jan 21
Coverage will be provided until end-December 2021.
HSBC, Etiqa amongst bidders for AXA Singapore
21 Jan 21
The transaction could raise about $927m in a sale.
PPRO announces over $180m in investment, reaches unicorn status
20 Jan 21
The status comes as the investment values PPRO at over US$1b.
MAS amends rules on managing tech risks
18 Jan 21
Financial firms should analyse and share threat intelligence within the ecosystem.
Great Eastern rolls out $1m vaccine fund
15 Jan 21
This will grant a daily cash benefit for COVID-19 vaccine hospitalisations.
MAS appoints new deputy managing director
15 Jan 21
Leong Sing Chiong’s appointment would take effect on 1 February.
Singapore's digital-only banks face uphill battle to reach sustainable profits
14 Jan 21
Poor performance of earlier neobanks have cast a doubt on their ability to gain income.
Robeco Singapore appoints new CEO
14 Jan 21
Nayan Patel has over 16 years of asset management experience.
AXA Insurance launches new prenatal plan
14 Jan 21
It covers early caesarean deliveries and grants newborns with health insurance cover.
Revolut Singapore sees 70% hike in Chinese New Year e-cash gifting
13 Jan 21
Clients made over $4.5m in transfers and e-cash gifting during Christmas.
Asiaciti Trust appoints new managing director for Singapore
12 Jan 21
Ross Belhomme will be relocating from Switzerland.

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