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iFAST leads consortium applying for Malaysia digital bank licence

IFAST Corporation is leading a consortium to apply for a digital bank licence in Malaysia, it said on Wednesday.

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Singapore and UK launch Financial Partnership for greater cooperation

SINGAPORE and the United Kingdom launched a new Financial Partnership at the sixth UK-Singapore Financial Dialogue held virtually on Wednesday.

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Credit Bureau Asia’s subsidiary to operate Moneylenders Credit Bureau

CREDIT Bureau (Singapore) (CBS), a subsidiary of mainboard-listed Credit Bureau Asia (CBA), has been designated as the new operator of the Moneylenders Credit Bureau (MLCB), CBA said on Wednesday.

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Malaysian banks to lag Asian peers in recovery amid extended lockdown, new debt holidays: S&P

MALAYSIAN banks will continue to be an "Asian outlier" in their recovery path, with the road to normalisation likely to be prolonged amid the flare-up of new Covid-19 waves and fresh moratoriums, said S&P Global Ratings on Wednesday.

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Nets appoints Tan Kah Chye as independent director

DIGITAL payments service provider Network for Electronic Transfers (Nets) on Wednesday said it has appointed Tan Kah Chye as an independent director to its board, with effect from June 25, 2021.

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New financial alliance proposes scorecard for banks to measure impact

A NEW international financial alliance has proposed new rules for banks to measure the environmental and social impact of their activities, in an effort to scale up impact management and reduce deficiencies of current approaches in assessing the sector's non-financial performance.

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New alliance proposes scorecard for banks to measure non-financial impact

A NEW international financial alliance has proposed new rules for banks to measure the environmental and social impact of their activities, in an effort to scale up impact management and reduce deficiencies of current approaches in assessing the sector's non-financial performance.

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Firmer global recovery on the cards in H2, but virus mutations, Fed moves could be drags: MAS

A FIRMER global recovery is on the cards in the second half of 2021 with the world's two largest economies the US and China witnessing strong rebounds, but downside risks remain significant, said a top executive from the Monetary Authority of Singapore (MAS).

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MAS doing more stress tests to assess lift on Singapore banks’ dividend cap

THE Monetary Authority of Singapore (MAS) said on Wednesday that it is conducting additional stress tests to assess whether it is necessary to extend the current dividend restrictions on local banks.

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Trafigura completes first funding for committed prepayment portfolio fund worth US$155m

SWISS commodities trading giant Trafigura on Wednesday said it has completed the first funding for a US$155 million, closed-ended three-year committed prepayment portfolio fund.

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