Singapore

Grab unveils US$1m GrabScholar programme, new GrabMerchant Centre

The superapp aims to support small businesses and upskill the future workforce.

Grab unveils US$1m GrabScholar programme, new GrabMerchant Centre

The superapp aims to support small businesses and upskill the future workforce.

Atome Financial secures US$100m debt facility with HSBC Singapore

It operates buy now pay later platform Atome and Indonesia’s Kredit Pintar.

Maybank enables Singapore, Malaysia card users to link with ApplePay

This includes users of Mastercard and Visa credit, debit, and prepaid cards.

OCBC enables direct CPF account top-ups from digital app

This makes OCBC the first bank to enable this outside of the CPF website.

Robocash names Kirill Kalashnikov as APAC regional director

Kalashnikov was country manager for the Philippine online lender Digido.

Hong Leong Finance sees profits rise to S$45.1m in H1

It has also announced an interim dividend of S$0.0375 in its latest bourse filing.

DBS net profit down 3% in H1, but Q2 profits second-highest in history

The bank is expected to benefit from rising interest rates, says CEO Piyush Gupta.

OCBC net profit rose 7% to S$2.83b in H1

This was buoyed by higher net interest, although non-interest income fell during the period.

MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services

The MOU was signed in the presence of India’s prime minister Narendra Modi.

MAS’s framework for loss-sharing for bank scam victims “taking longer than expected”

Singapore’s financial regulator expects to publish the draft framework in the coming months.

How Singapore survived the global fintech funding fall

In Q2, the country's global market share by deal value jumped to 6.4%.

Investment to Singapore fintechs in Q2 down 55% from Q1

Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.

How Singapore banks are closing the gender gap

Most banks have already exceeded the 2021 regional average of 18.5% employed women per firm.

30% of Singaporeans to have digital bank accounts by 2023

In 2022, the percentage of adults who have a digital bank account climbed to 21%.

Singapore’s credit, charge card payment market to grow 6.5% through 2025

The value of debit card payments will grow by 7.2% in 2022.

OCBC, Standard Chartered complete 30-year SORA OIS trade

The 30-year SORA OIS trade was the first transaction cleared by LCH.

Singapore big three banks poised for earnings growth

UOB, OCBC, and DBS have strong non-interest incomes.