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CGS-CIMB has turned more positive on Singapore banks, as the brokerage expects credit costs to peak this year with asset quality holding steady moving forward.

THE Monetary Authority of Singapore (MAS) on Monday announced the launch of a S$35 million Productivity Solutions Grant (PSG) to help smaller financial institutions adopt digital solutions for "more streamlined data reporting" to the regulator.

DIGITAL investments made by Gen Z youth have tripled over the past year, data from OCBC found, with micro-investing, which allows investors to start investing with very low minimum investment amounts, a hit among the group.

BUYING a private home just got cheaper with a promotional rate of sub-1 per cent offered by Citibank.

SEVEN in 10 small and medium-sized enterprises (SMEs) in Singapore's most embattled sectors are confident of meeting their repayment obligations for government-backed loans in 2021, said a DBS survey.

BITCOIN was started in 2009 when a man by the name of Satoshi Nakamoto first launched the cryptocurrency through an open-source platform. The blockchain technology garnered the attention of the relatively obscure tech market, and prices of one Bitcoin grew from US$0.30-5.27 in 2011 alone.

BNPL pioneer Klarna is now the highest valued fintech in Europe with a valuation of over US$10.6 billion. Australia's first mover Afterpay recently doubled its full-year revenue to A$519.2 million (S$497.8 million) for the financial year ended June 30, 2020.

SINGAPORE'S life insurance industry saw new business, in terms of total weighted premiums, rise 18 per cent to S$1.32 billion for the third quarter, compared with S$1.12 billion a year ago.

Alibaba is starting to feel the Ant sting. The e-commerce giant's ties to the reeling financial technology company are weighing on its US$780 billion valuation. A suspended initial public offering (IPO) and Beijing's new credit rules have hit just as growth at Alibaba's core shopping business...

China's central bank vice-governor said on Friday that China needs to consider policy adjustments as its economy recovers, adding that the adjustments will be based on accurate economic assessments, and the authorities cannot make hasty moves.