After a $9 billion credit hit resulting from forged documents, use of the same cargo to secure multiple loans, and other types of fraud, banks seek a revamp of the trade finance infrastructure. ( read original story ...)
After $9 Billion Credit Hit, Banks Seek Trade Finance Revamp
When Credit Agricole SA and HSBC Holdings Plc issued a payment guarantee for a $76.5 million fuel purchase from a Singapore trader in March, they unwittingly became the latest victims in a series of ... ( read original story ...)
Tencent Cloud teams up with ADBC on banking services
Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to SMEs ... ( read original story ...)
After $9 Billion Credit Hit, Banks Seek Trade Finance Overhaul
“It’s tumbling down like a house of cards - everybody is caught in the whirlwind,” said Robson Lee, a corporate finance law partner at Gibson, Dunn & Crutcher LLP’s Singapore offic ... ( read original story ...)
Kenneth Lai promoted to OCBC’s head of global treasury
Banking veteran Kenneth Lai was named OCBC's new head of global treasury effective on Oct 1, in an internal appointment that is part of the bank's leadership renewal.. Read more at straitstimes.com. ( read original story ...)
Singapore’s ADBC and Tencent to jointly develop cloud-based banking solutions
Tencent Cloud has signed a memorandum of understanding (MoU) with Singapore's Asia Digital Bank Corporation (ADBC) to jointly develop cloud-based banking technology. Under the MoU, ADBC will use ... ( read original story ...)
Why venture debt can play an important role in startups building scalable models
In the latest episode of 100x Entrepreneur Podcast, Ishpreet Gandhi, Founder of Stride Ventures, talks about the emerging role of venture debt in India’s startup ecosystem. ( read original story ...)
Singapore in Survival Mode Looks to Reinvent Itself. Again
Follow Bloomberg on LINE messenger for all the business news and analysis you need.The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing ... ( read original story ...)
Singapore Data Center Market, 2025 – Increased Investment in Facilities Will Be a Strong Driver for Server Infrastructure Adoption
The "Singapore Data Center Market - Investment Analysis and Growth Opportunities 2020-2025" report has been added to ResearchAndMarkets.com's offering. In-depth Analysis and Data-driven Insights on ... ( read original story ...)
Singapore election: People’s Action Party, Workers’ Party bring out the political veterans as campaigning ends
Singapore's ruling People’s Action Party seeks vote of confidence ... who as the sole deputy prime minister as well as finance minister is in line to succeed Lee. Lee, 68, had previously said he would ... ( read original story ...)
Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert
Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure ... ( read original story ...)
Interactive Brokers Forms New Singapore Entity
Interactive Brokers Group, a global inline brokerage, has opened with a new Singapore office by setting up a local entity - Interactive Brokers Singapore. ( read original story ...)
MOVES-DBS hires former Morgan Stanley veteran as Greater China private banking head
Southeast Asia's biggest bank DBS Group Holdings said on Wednesday it had appointed a former senior executive from Morgan Stanley Asia Private Wealth Management as the head of its private banking ... ( read original story ...)
Best Short-Term Endowment Plans in Singapore (2020)
With savings accounts interest rates dipping ever since COVID-19 hit, many insurers have launched short-term endowment plans as an alternative way to grow your savings. Traditionally, endowment plans ... ( read original story ...)
Singapore Bourse Predicted To Open In The Red
The Singapore stock market on Tuesday ended the five-day winning streak in which it had summoned more than 110 points or 4.4 percent. The Straits Times Index now rests just above the 2,660-point ... ( read original story ...)
Singapore Data Center Market: Investment Analysis and Growth Opportunities (2020-2025) – ResearchAndMarkets.com
Investment Analysis and Growth Opportunities 2020-2025" report has been added to ResearchAndMarkets.com's offering. ( read original story ...)