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HONG KONG-BASED XanPool has bagged US$4.3 million in Series Pre-A financing to spearhead its infrastructure expansion into the eastern hemisphere.

HONG KONG-BASED XanPool has bagged US$4.3 million in pre-Series A financing to spearhead its infrastructure expansion into the eastern hemisphere.

TEMASEK Financial (I) Limited (TFin-I), a wholly-owned subsidiary of Singapore investment firm Temasek Holdings, has increased the limit of its guaranteed global medium-term note programme to US$25 billion, from US$20 billion previously.

THE AMTD Singapore Solidarity Fund has made its first batch of investments, totalling S$11.5 million, into five Singapore-based fintech companies: Funding Societies, Active.ai, CardUp, TranSwap and PolicyPal.

MAYBANK Kim Eng (MKE) has downgraded its sector outlook on Asean banks to negative as their asset quality risks remain high while operational recovery may be limited.

IN A meeting of minds between the old and new, digital bank hopeful Razer Fintech is teaming up with Franklin Templeton, one of the world's largest asset managers, to create a digital wealth management platform targeted at youths and millennials.

ECONOMIES across the globe are gradually restarting after months of tightened measures to combat the spread of the Covid-19 outbreak. The pandemic has irrevocably disrupted the way in which people work and live, especially in the accelerated adoption of technology in almost every facet of our lives...

IT is possible that the dividend cap for Singapore banks could be extended into FY21, given the lower net interest income, relatively soft credit demand and uncertainty over asset quality, said DBS Group Research.

HOMEGROWN insurer Singapore Life (Singlife) intends to merge with Aviva Singapore in a deal valued at S$3.2 billion, which will make it one of the largest in the South-east Asian insurance sector and the largest in Singapore.

PARIS-BASED insurtech company Descartes Underwriting has raised US$18.5 million in Series A funding, which will be used to support its global expansion to the US and Asia, including Singapore.