financial institutions

SINGAPORE (April 6): In line with the global trend, 88% of respondents from Singapore’s financial institutions this year see financial technology (fintech) as a real threat to their revenue as compared to just 73% in 2016, according to a new report by P

SINGAPORE (Feb 16): Singapore banks' problem with oil and gas services firms has just stepped up a notch.

SINGAPORE (Nov 16): The Monetary Authority of Singapore (MAS) announced that it has published the “regulatory sandbox” guidelines for financial technology (fintech) experiments after public consultations and learning points from other sandboxes.

SINGAPORE (Sept 27): Financial Action Task Force (FATF), the global body that monitors money laundering and terrorist financing, has lauded Singapore for its efforts in combating these crimes.

SINGAPORE (Aug 29): CIMB and RHB are keeping their “buy” calls on Silverlake Axis with higher target prices of 68 cents and 77 cents respectively.

SINGAPORE (Aug 18): Investments in venture capital (VC) backed financial technology (fintech) startups have declined by 49% in 2Q16, on the back of a tougher climate for marketplace lenders as well as a decline in mega-round activity.

SINGAPORE (July 27): The Monetary Authority of Singapore (MAS) on Wednesday included cloud services for the first time in its new guidelines to financial institutions on risk management for outsourcing.

SINGAPORE (July 22): Licensed money changer and remittance agent Raffles Money Change (RMC) has issued a statement in response to queries from members of the media, in light of the Monetary Authority of Singapore’s (MAS) press release dated July 21. 

SINGAPORE (July 21): Singapore authorities say they have seized a total of $240 mil of bank accounts and dealings in properties belonging to individuals linked to 1Malaysia Development Berhad (1MDB) probe, with about $120 million belonging to businessman