SINGAPORE merchants that use Wirecard to process payments are quickly switching to the beleaguered fintech's competitors, spooked by the downfall of the Wirecard parent that has collapsed into insolvency.
THE fraud probes into scandal-hit Wirecard are more likely to put question marks on the strength of the traditional field of auditing, than outrightly tarring the reputation of fintechs, said observers.
FINTECH Revolut has amped up efforts in boosting compliance standards, which it sees as necessary for regional expansion.
UOB has joined its Singapore banking peers in deepening cuts to interest rates tied to flagship savings accounts, reflecting the prolonged low-interest rate environment.
UOB has joined its Singapore banking peers in deepening cuts to interest rates tied to flagship savings accounts, reflecting the prolonged low-interest rate environment.
BANKS with operations in Singapore are banding together to raise industry standards for commodity financing in Singapore.
BANKS with operations in Singapore are banding together to raise industry standards for commodity financing in Singapore.
DEUTSCHE Bank on Thursday said it has extended a three-year US$25 million sustainability-linked loan, along with an accordion feature to upsize the facility to US$75 million, to mainboard-listed natural rubber supplier Halcyon Agri Corp's subsidiary Corrie MacColl.
HSBC on Wednesday said it has made two Singapore-based senior appointments to strengthen its South-east Asia equities capabilities.
HSBC on Wednesday said it has made two Singapore-based senior appointments to strengthen its South-east Asia equities capabilities.
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