Singapore
DBS imposed with $1.6b additional capital requirements for service disruptions
Total additional regulatory capital has now reached about S$1.6b (US$1.2b).
Landmark receives payment license in Singapore
It began its operations after acquiring the license.
Singapore’s Trust Bank exceeds 450,000 customers in 5 months
This comes after the bank onboarded 100,000 people in 10 days after launch.
US Treasury and MAS reinforce cross-border cybersecurity
The collaboration follows the MOU on Cybersecurity Cooperation between the institutions in August 2021.
DBS hits record net profit of S$2.57b in Q1
Board has declared a dividend of SGD 42 cents per share.
SFA, Austrade kick-off Project Lorikeet to support fintechs expansion in both markets
Supporting partners are HSBC and Amazon Web Services.
Alipay Q1 transactions by Chinese tourists in SG nearly doubles
Total user transactions in March averaged 45% of the tally in 2019.
MAS hosts meetings for central banks to tackle climate issues in finance
Climate-related risks and issues were identified for the transition to green financing.
UOB posts record net profit of S$1.6b in Q1
Core operating profit was also 60% higher at S$2.1b.
GXS Bank Introduces FlexiLoan
Interest rates start from 3.8% per annum.
Alipay+ accessible in 11,000 SG Hawker Centre stalls
Users of the platform and partner e-wallets can pay through the SGQR.
Syfe allies with US-based investment management firm for unique offering
Monthly payouts range between 4.0% to 6% per annum.
HSBC Singapore, MSIG enter 15-year bancassurance partnership
MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
Singapore and China launches taskforce for green finance
The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun.
MAS unveils Finance for Net Zero Action Plan
The new net zero plan has expanded to include transition finance.
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