FUNDING Societies, a digital financing platform for small and medium enterprises (SME) in South-east Asia, has launched in Thailand - its fourth market in its six years of operations.
E-WALLET players Grab Financial Group, Liquid Group and Singtel Dash will now also offer PayNow services - marking the first time the peer-to-peer fund transfer service is made available to non-banks.
SINGAPORE banks' asset quality risks are expected to remain manageable for now, buoyed in part by hefty provisions and extended relief measures.
THE buzz behind crypto currencies has charged up a lawsuit in Singapore. A crypto mining firm has claimed that its landlord's interference with the electricity supply led to trading losses in crypto currencies, with the suit throwing up the question of how such losses can be quantified in...
CROWDFUNDING platform Siam Validus, a joint venture between Validus and SCG Distribution, is the first foreign fintech firm to be granted a debenture crowdfunding licence by the Securities and Exchange Commission of Thailand (SEC).
DBS has raised its sustainable finance target for 2024 to S$50 billion, which is well over twice the lender's previous S$20 billion target for the same year.
THE speed and ease with which consumers can obtain unregulated credit via buy now, pay later (BNPL) schemes have sparked growing concerns over unseen debt and potential financial distress.
DBS has raised its sustainable finance target for 2024 to S$50 billion, which is well over twice of the lender's previous S$20 billion target for the same year.
SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global benchmark - the scandal-tainted London Inter-bank Offered Rate (Libor) - could be pushed...
SINGAPORE will press ahead with its industry transition to the Singapore Overnight Rate Average (Sora) as the new interest rate benchmark by the end of this year, even as the discontinuation of a key global rate - the Libor - could be pushed to mid-2023.