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Vivien Shiao

vshiao@sph.com.sg
@VivienShiaoBT

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Fintechs' moves to acquire Indonesian banks will rev up competition: Fitch

News

Jan 20, 2021

Fintechs' moves to acquire Indonesian banks will rev up competition: Fitch

RECENT moves by tech firms to acquire small Indonesian banks will add more colour to Asean's financing landscape, but are unlikely to pose a material challenge to the biggest incumbent lenders in...

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Curtain falls on CoAssets crowdfund platform, but no systemic risk seen in P2P lending

Startups

Jan 8, 2021

Curtain falls on CoAssets crowdfund platform, but no systemic risk seen in P2P lending

SINGAPORE-BASED crowdfunding platform CA Funding - formerly known as CoAssets - has thrown in the towel and is in the process of winding down, but there is no sign it is a harbinger of the...

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Bitter wait for CoAssets noteholders as investments turn sour

Startups

Jan 8, 2021

Bitter wait for CoAssets noteholders as investments turn sour

IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.

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Singapore digital banks face hard slog but incumbents can't sit pretty either

News

Dec 28, 2020

Singapore digital banks face hard slog but incumbents can't sit pretty either

SINGAPORE'S first digital banks will need to focus on building trust and managing acquisition costs to succeed in the long run, analysts say.

News

Dec 14, 2020

Citibank Singapore to double AUM by 2025 in big wealth push

CITIBANK Singapore aims to step up the pace of growth of its wealth business here, with ambitions to double its assets under management (AUM) and to triple the number of clients by 2025, said a...

News

Dec 11, 2020

StanChart closer to building digital-only bank in Singapore

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore (MAS) on Thursday, paving the way for it to set up a...

News

Dec 10, 2020

StanChart Singapore moves big step closer to digital-only bank

STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the Monetary Authority of Singapore on Thursday, paving the way for it to set up a digital-...

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Open innovation is the key to overcoming Covid-19 challenges

Government

Dec 7, 2020

Open innovation is the key to overcoming Covid-19 challenges

IT WAS when companies were struggling to cope with the Covid-19 fallout that they saw the urgency for digital adoption to manage both current challenges as well as for the long term, said a top...

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UOB counts on omni-channel edge to fend off digital bank challenge

News

Dec 7, 2020

UOB counts on omni-channel edge to fend off digital bank challenge

UOB is banking on an omni-channel approach to hold off competition from the upcoming Singapore digital banks, as its data shows customers still prefer the face-to-face approach in certain cases...

News

Dec 7, 2020

Singapore banks on watch over Chinese SOE exposure, say analysts

SINGAPORE banks may move to review or even cut their exposure to Chinese state-owned enterprise (SOE) customers, as a recent wave of high-profile SOE bond defaults become a wake-up call for...

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