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...
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...
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.
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.
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...
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...
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-...
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...
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...
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...