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DBS's POSB has recorded a jump of almost four times in the number of account openings for migrant workers in the month of April, as the Covid-19 pandemic adds to the urgency for migrant workers to have access to digital banking - a basic service that most...

A NEW S$6 million grant scheme to support Singapore fintech firms has been collectively rolled out by the Monetary Authority of Singapore (MAS), the Singapore FinTech Association (SFA) and AMTD Group and AMTD Foundation (AMTD) on Wednesday, amid the challenging business climate due to the Covid-19 crisis....

A NEW S$6 million grant scheme to support Singapore fintech firms has been collectively rolled out by the Monetary Authority of Singapore (MAS), the Singapore FinTech Association (SFA) and AMTD Group and AMTD Foundation (AMTD) on Wednesday, amid the challenging business climate due to the Covid-19 pandemic.

DBS’s POSB has recorded a jump of almost four times in the number of account openings for migrant workers in the month of April, as the Covid-19 pandemic adds to the urgency for migrant workers to have access digital banking – a basic service that most Singaporeans...

SINGAPORE's position as a financial centre backing trade flows in emerging Asia speaks to the urgency of securing ample access to the greenback here, amid global dollar tightness in recent months.

UK-BASED payments fintech Revolut on Tuesday announced that it has appointed James Shanahan - previously the chief operating officer (COO) of insurtech Singapore Life - as its Singapore chief executive officer to lead the growth of its Asia business. 

DBS Bank has joined Contour's network, which is built on R3's Corda and digitalises global trade processes such as the creation, exchange, approval and issuance of letters of credit (LCs).

THE adoption of digital payments has been particularly rapid in Asean due to the region's young and highly-connected population. In the 2019 Citi and Imperial College's Digital Money Index, which tracks 84 countries and their digital money readiness, we saw five out of six Asean countries move...

SINGAPORE banks posted lower earnings in the first quarter after bulking up their provisions to cushion against economic stresses brought on by the virus outbreak, and against some of their oil-and-gas exposure.

OCBC'S group CEO Samuel Tsien expects cumulative credit costs to be between 100 to 130 basis points (bps) over the next two years - higher than during the global financial crisis (GFC) and similar to the Sars period.