Firms are finding growth in SMEs that don't have access traditional bank services. Two in five or 39% of ASEAN fintechs have picked Singapore as their home base, UOB said. According to their State of FinTech in ASEAN report, Singapore’s developed ... ( read original story ...)
Aberdeen Standard upbeat on Singapore banks, warns on DBS provisions
SINGAPORE (Reuters) - Aberdeen Standard Investments said it likes Singapore banks due to their strong balance sheets and quest for new growth drivers but warned that the management of top lender DBS risks losing credibility if it takes any more big ... ( read original story ...)
Amid rising protectionism, BMO places bet on trade finance
In Singapore, BMO bulked up its staff with credit specialists and compliance officers and added the ability to locally process the stacks of documents that still make trade work. New capabilities are now coming online, giving BMO the ability to finance ... ( read original story ...)
Singapore Stock Market May Take Further Damage On Wednesday
(RTTNews.com) - The losing streak has hit three sessions now for the Singapore stock market, which has fallen almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just beneath the 3,400-point plateau and it's looking at ... ( read original story ...)
Standard Chartered has just hired a new managing director from DBS in Singapore
Standard Chartered has continued its senior technology hiring drive in Singapore by recruiting veteran banking technologist Paul Beresford from DBS. Beresford has joined Stan Chart as a Singapore-based managing director and global head of retail products ... ( read original story ...)
Finance minister Jaitley on two-day Singapore visit to discuss investments
Finance minister Arun Jaitley is visiting Singapore to showcase a slew of investor-friendly reforms undertaken by the government and discuss ideas to ramp up investments in India. Jaitley is leaving on Tuesday evening on a two-day official visit to Singapore. ( read original story ...)
Singapore Stocks May Stop The Bleeding On Tuesday
The Singapore stock market has finished lower in two straight sessions, although it has given up less than 5 points or 0.2 percent in that span. The Straits Times Index now rests just beneath the 3,420-point plateau although it may end its slide on Tuesday. ( read original story ...)
Soh to run StanChart for first time
The first Standard Chartered Singapore Marathon to double up as the National Championships race will have a marquee name in the men's line-up, following Soh Rui Yong's announcement that he is set to join the fray. The SEA Games marathon champion's entry in ... ( read original story ...)
Singapore is the second most attractive country for IPOs
IPO activity could rise by as much as 30% in a year. Singapore ranked after Hong Kong in a global ranking of attractiveness for mergers and acquisitions (M&A) and initial public offerings (IPO), legal firm Baker McKenzie revealed. According to a report ... ( read original story ...)
UOB first in Asia with Fitbit Pay
Ms Choo Wan Sim, Head of Cards and Payments Singapore, UOB, said, “We continuously look for ways to enable our customers to make payments simply, easily and quickly. What we can see is that contactless payments are winning the race when it comes to the ... ( read original story ...)
The Best Credit Cards in Singapore for Online Shopping
While most credit card users in Singapore appreciate this ... Get more information about the OCBC Frank Card here. The Citibank Rewards Card earns you 10X Citi Dollars for every $1 spent online. That’s 4 air miles per $1 spent. That’s great! ( read original story ...)
Noble Group Loses Key Bank Support as DBS Cuts Lending
Noble Group Ltd., the commodity trader fighting for survival, lost support from one of its key banks as Singapore’s DBS Group Holdings Ltd. cut lending, according to a person with knowledge of the matter. DBS sold its $60 million stake in Noble’s $1.1 ... ( read original story ...)
DBS teams up with Equinix to reduce datacentre footprint
DBS has been one of the forerunners in adopting cloud computing among Singapore’s financial institutions. It plans to move 50% of its compute workload to the public cloud by 2018, and is already using Amazon Web Services to power certain workloads such ... ( read original story ...)
Keppel-KBS US REIT IPO 6.7 times oversubscribed
The Singapore IPO raised $273m. The Singapore initial public offering (IPO) of Keppel-KBS US REIT has received 9,064 applications for 227,764,700 units. The public offer was 6.7 times oversubscribed, raising $273m (US$200.4m). According to a press release ... ( read original story ...)
DBS to save costs with cloud data centre
SINGAPORE - DBS Bank is partnering data centre provider Equinix to plug one of its data centres in Singapore into the cloud. The move will enable the bank to move its main data centre to an area a quarter of the size, which will make the centre 75 per cent ... ( read original story ...
Bank ABC Opens a Branch in Singapore
Bahrain-based Bank ABC (Arab Banking Corporation), the leading international banking Group in the MENA region, has announced the opening of a branch in Singapore. This comes as part of the Bank’s plan to expand its international network, which already ... ( read original story ...)