Financial Services
MoneyHero posts first quarterly profit on cost cuts, AI efficiency gains
MoneyHero posts first quarterly profit on cost cuts, AI efficiency gains
Lower tech, marketing and staff expenses supported its $636,000 quarterly net profit.
SME borrowing costs ease to 8.18% in 2025 but Middle East risks loom over 2026
Loan approval rates rose to 74% but bank processing times stretched to 33 days amidst shifting credit conditions.
GXS narrows net loss to $208m in FY2025
Net interest income rose to $55.6m, whilst operating expenses dipped to $217.6m.
MoneyMax raises $44.3m in placement ahead of SGX Mainboard transfer
The company aims to complete its listing transfer by the first week of May.
OCBC, Lion Global Investors and DigiFT roll out tokenised gold fund on public blockchain
Southeast Asia’s first on-chain physical gold fund targets institutional and accredited investors.
Interpath expands into Singapore with Michael Horn leading SEA
This followed its Hong Kong entry in April 2025.
MAS, banks to strengthen GIRO safeguards: Alvin Tan
A review will consider setting monthly caps on the value and number of transactions.
Aspire taps J.P. Morgan for global FX capabilities
Deal starts with five-currency wallet conversions.
Material cost hikes could cut construction margins by up to 2.4 points: CGS
Fixed-price contracts are leaving subcontractors to absorb initial cost spikes.
Insurance growth crippled by legacy tech despite 82% claiming leadership
Short-term operational panics actively kill long-term strategic planning for local carriers.
OCBC gold trades jump 60% after 28 February amidst Middle East conflict
First-time investors now make up 7% of the bank’s total precious metals base.
OCBC sustainable finance portfolio climbs to $80b on 2025 gains
The bank’s 2025 report shows it issued over 280 green and sustainability-linked loans for net-zero goals.
UOB prices $930m Panda bond at 1.83%
Onshore accounts supplied 78% of participation whilst offshore investors contributed 22%.
MoneyMax names CEO’s son deputy chief operating officer
Promotion forms part of the succession plan.
MetaComp secures $44.45m pre-A funding with Alibaba-Spark Venture support
This will fund the company's AI push and regional expansion.
MoneyMax raises $88m in digital token notes with strong CEO and insiders backing
The Series 003 and 004 notes raised $63.3m and $25.26m in gross proceeds
Airwallex Singapore revenue surges 107% in FY2025
Transaction volume rose 93% over the same period.
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