Financial Services
Bank of Singapore names Bernard Heng head of customised solutions
Bank of Singapore names Bernard Heng head of customised solutions
He will oversee solutions for ultra-high-net-worth clients.
DBS to pay $1,000 one-time bonus to 6,800 junior staff in SG
The move covers over 23,000 employees across global operations
Card payments to grow 7.2% CAGR to $209.2b by 2029
Contactless use and merchant expansion underpin growth.
Onboarding, dispute gaps constrain Singapore’s $17b remittance growth
Lack of standardisation for refunds and disputes hampers cross-border scaling.
Visa study flags rewards, scam fears as top RTP barriers in Singapore
Wrong-account worries also rank high, Visa says.
SGX RegCo opens consultation on broader broker custody rules
The shift aligns Singapore with global omnibus custody standards.
Fingular secures $10m credit line to scale Malaysian fintech ops
The funding will also be used to strengthen operational capacity.
MoneyMax wins SGX nod for Mainboard transfer
The group obtained approval-in-principle to exit the Catalist board on 23 January.
EFGH, TS Group target 50,000 foreign workers with digital wallet platform
The white-label app will offer cross-border transfers and domestic financial services.
DBS raises US$272m for PIMCO’s 60/40 fund
Singapore and Hong Kong customers were able to invest at a minimum of S$1,000 or HK$20,000.
Finance and tax firms overhaul supply chains, pivot to AI amidst disruptions
Singapore businesses ready for geopolitical conflict, use AI to focus on high-value activities.
MoneyMax retail surge drives $29.6m net profit in H1 FY2025
Retail and trading accounted 54% of earnings for the first half of the fiscal year.
Trust Bank’s 7,000-stock launch slashes US trading fee barriers
The fractional trading launch features no platform or custody fees through 30 June.
SMEs face a 2026 ‘growth wall’ as OCBC index hits 50.8 peak
Double-digit cashflow growth masks a dangerous slump in healthcare and business services.
Fit note exchange spikes 40% in 2025 as Singaporeans ditch new bills
MAS reports 16 million notes were exchanged last year, enough to power 280 HDB flats.
MoneyMax eyes mainboard move to boost visibility
The group has been listed on Catalist since 2013.
MAS fines surge 579% amidst heightened scrutiny: report
Fenergo links the increase to KYC, AML, and sanctions breaches flagged after tighter supervision.
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