SINGAPORE (May 15): Piyush Gupta sees himself as uncomfortably close to the action in the battle between traditional banks and China’s insurgent fintech giants. The chief executive officer of Singapore’s DBS Group Holdings Ltd has been trying to re ... ( read original story ...)
Singapore Shares May Reverse Monday’s Losses
The Singapore stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had added more than 15 points or 0.4 percent. The Straits Times Index now rests just above the 3,560-point plateau although it ... ( read original story ...)
DBS Chief Has No Plans to Slow Down
Piyush Gupta, into his ninth year as chief executive officer of DBS Group Holdings Ltd., isn’t looking to call it a day. “I’m loving the job. I think we’re making impact as a company,” Gupta said in an interview at his office in Singapore last week. ( read original story ...)
Deutsche Bank has no plans to pull out of Asian countries – CEO
The bank’s business in Asia, however, remains key to the lender’s global success, Sewing told a company town hall meeting in Singapore on Monday, according to a Hong Kong-based spokeswoman for the bank. “We can only be relevant to our clients if we ... ( read original story ...)
Singapore launches best practice papers to combat money laundering, terrorism financing
SINGAPORE - Singapore regulators and the banking industry launched on Monday (May 14) two best practice papers to better prevent money laundering and terrorism financing, in the wake of the 1MDB scandal that hit the city-state and amid the increasing ... ( read original story ...)
Oversea-Chinese Banking Corporation Ltd Starts The Year With a Bang
With banks in Singapore doing tremendously well financially in 2017, plus bank stocks up more than 50% on average over the last one-year period, the spotlight was firmly on them as they released their first quarter results for 2018. In this article ... ( read original story ...)
Deutsche Bank CEO Said to Tell Asian Staff There’s No Exit Plans
Deutsche Bank AG’s chief executive officer told employees in Asia ... Christian Sewing made the assurances at a townhall meeting in Singapore, the people said, asking not to be identified as the speech was private. During a separate investor forum ... ( read original story ...)
CoinDesk Announces the launch of Consensus Singapore
However, the Consensus: Singapore event marks a pivotal moment for the series ... and extensive reach into multiple vertical markets including finance and technology, with CoinDesk’s great brand and community reach, create the ideal combination to ... ( read original story ...)
HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda
HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda. According to HSBC Singapore, the ... ( read original story ...)
HSBC says performs first trade finance deal using single blockchain system
HSBC and Dutch bank ING completed the deal for Cargill last week when a shipment of soybeans was transported from Argentina to Malaysia via the global commodities trader’s Geneva and Singapore subsidiaries, the British lender said in a statement. ( read original story ...)
Singapore C2C marketplace snags $85M in Series C
Singapore classifieds online site Carousell has snagged US$85 million in Series C funding, adding DBS Bank to its crop of investors and as a retail partner on its marketplace. Co-led by Rakuten Ventures and EDBI, the latest round also included other ... ( read original story ...)
Paktor’s parent company files for $115m US IPO. It faces a challenging future.
M17 Entertainment, the parent company of Singapore-based dating app Paktor, hopes to raise up to US$115 million in a US initial public offering (IPO). However, with the dating app only forming a small part of its income, M17 is banking on live-streamed ... ( read original story ...)
Singapore Startup Paktor Is Applying For An IPO On New York Stock Exchange
According to a securities and exchange commission filing, Paktor, along with its parent company and subsidiaries (collectively called M17 Entertainment), is eyeing for an initial public offering on the New Year Stock Exchange. Filed on the 11th of May, M17 ... ( read original story ...)
OCBC rolls out $20m digital upskilling programme
Powered by $20m investment, the three-year OCBC Future Smart Programme will cater to the OCBC Group's global employee pool in Singapore, Malaysia, China. It will also be available at the bank's private banking arm Bank of Singapore and will be consequently ... ( read original story ...)
UOB and Income emerge top winners at Effie Awards Singapore 2018
SINGAPORE - Fourteen Effie awards (3 Gold, 6 Silver and 5 Bronze) were presented at a gala dinner last Thursday night (May 10), honouring the best in marketing communications. Organised by Institute of Advertising Singapore (IAS), the 16th Effie Awards ... ( read original story ...)
Deutsche Bank CEO Vows to Stay Strong in Asia Amid Overhaul
Deutsche Bank AG’s new chief executive officer pledged to keep the ... continue to be strong in Asia," CEO Christian Sewing said Monday at an investor forum in Singapore on his first visit to the region since taking the job last month. ( read original story ...)