Financial Services
Standard Chartered reports historic highs of digital adoption
Standard Chartered reports historic highs of digital adoption
Its wealth management services grew more than two-fold during the circuit breaker.
CIMB Singapore scraps mortgage loan hike following customer backlash
CEO Victor Lee expressed his apology to affected customers.
GBCI Ventures sets up HQ, pilots ‘money app'
Currency exchange and residual currency storage are some of the services offered.
Finance firms must prepare for extended period of risk management: MAS
Close to 85% of the financial industry worked from home during the circuit breaker.
WhatsApp, Paypal inject funds into Gojek
The sum of the investments were not disclosed.
CIMB Singapore customers protest mortgage hike
More than 60 customers now comprise the group.
Risk-averse investors push Singapore bank deposits up
Foreign currency deposits skyrocketed to $27b in April.
OCBC to reduce salary credit bonus interest
The bank will also stop offering the credit card spend bonus interest.
Starhill Global REIT management prices $100m notes at 3.15%
It will be issued under Starhill Global REIT’s multicurrency debt programme.
Financial education vital for SMEs to stay afloat amid and beyond the Covid-19 outbreak
Government support is helpful, but firms should know all financing options available to them.
Circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
AXA, therapeutics firm Naluri roll out digital health coaching platform
It is focused on the client's mental well-being.
Citi Singapore extends work from home setup until July
Majority of its 8,500 staff are working remotely.
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.
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