Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore, ...
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators. Bank of Singapore (BOS) is warning against a fraudulent application. The fake app can be found in hxxps ...
MAS, banks and tech companies to jointly work on quantum security
MAS and participating banks will experiment with Quantum Key Distribution (QKD) solutions jointly provided by SPTel and SpeQtral.
S$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
TWO former bank employees will be charged in court on Aug 15 over money laundering and forgery offences, one year after 400 police officers raided multiple luxury homes in the biggest money laundering ...
Singapore banks’ loan growth, fee income steady in Q2
Singapore’s banks delivered strong earnings in Q2 2024 on the back of net interest income (NII) growth, continued recovery in fees, and benign provisions, reports UOB Kay Hian (UOBKH). Loan growth ...
$3b money laundering case: 2 ex-bank employees and former driver of fugitive to be charged in court
Three individuals will be charged exactly one year after the arrests of the 10 money launderers on Aug 15, 2023. Read more at straitstimes.com.
Standard Chartered team up on Next Gen plan with INSEAD and SC Ventures
"Standard Chartered team up on Next Gen plan with INSEAD and SC Ventures" was originally created and published by Private Banker International, a GlobalData owned brand.
The deepfake election nightmare hasn’t happened. Singapore still wants to ban them
Following South Korea’s lead, Singapore intends to ban deepfakes ahead of upcoming elections, despite concerns of curbing freedom of speech.
Singapore stocks close in the black; STI up 0.9%, led by Wilmar
Regional markets responded with mixed results. Hong Kong’s Hang Seng fell 0.4 per cent but South Korea’s Kospi rose 0.9 per cent, Japan’s Nikkei 225 ended 0.6 per cent ahead and Malaysian shares ...
Victims in SG lose S$36mil in under 2 months to conmen touting investments on social media, chat groups
Victims lost at least S$36mil in less than two months to conmen touting investment scams on chat groups and social media platforms, Singapore police said.
Declining interest rate environment will affect UOB’s growth engine, says CFO Lee
The upcoming declining interest rate environment will affect a huge part of United Overseas Bank U11 0.00% ’s (UOB) growth engine, so the bank will have to focus on fee income for the foreseeable ...
Singapore shares rose on Wednesday—STI increased by 0.7%
In the broader market, 80 stocks were on the rise, while 38 experienced declines, with 42.5 million securities traded, totalling S$56.1 million in value ...
Commentary: Fresh opportunities, pressing challenges for DBS under new leadership
DBS is poised to get its first female CEO when Tan Su Shan takes over the reins from retiring chief Piyush Gupta next year. Her technological expertise will stand the bank in good stead, says NUS ...
DBS launches treasury tokens with Ant International for cross-border liquidity management
The project on DBS' blockchain will enable Ant International to use the digital token to achieve instant, multicurrency treasury management across multiple markets DBS, Singapore's largest banking ...
Singaporean investment app Syfe pulls in $27M to hasten growth in Asia Pacific
Singapore-based investment platform Syfe has been working on making wealth management more accessible in the region by offering a variety of investment products and options, all via a smartphone app.
Singapore tightens GDP growth forecast to 2-3% amid mixed economic signals
SINGAPORE: The Ministry of Trade and Industry (MTI) has revised its gross domestic product (GDP) growth forecast for 2024 to a range of 2.0-3.0 per cent, following an assessment of the country’s ...