Singapore Aims to Phase Out Corporate Cheques by End of 2025
[ad_1] All corporate cheques will be phased out in Singapore by the end of 2025 amid the steady decline in use and the rising processing cost as well as growing…
Surer and DirectAsia to Simplify Car Insurance Policy Customisation
[ad_1] Local insurtech Surer announced that it has formed a partnership with Singapore-based motor and travel insurance provider DirectAsia. The partnership aims to empower insurance intermediaries to offer highly customisable…
Peak XV Partners Promotes Rohit Agarwal as New Managing Director
[ad_1] Singapore-based venture capital firm Peak XV Partners has promoted former principle investor Rohit Agarwal as its Managing Director to focus on early and growth stage investments in the region.…
Fitch: DBS, OCBC, UOB to See Minimal Impact from Digital Banks’ Deposit Cap Raise
[ad_1] Singapore’s digital banks have recently raised their deposit caps, but this move is not expected to significantly impact the profitability of local banks DBS, OCBC and UOB, according to…
OCBC Names Mike Ng as Sustainability Chief in Newly Created Role
[ad_1] OCBC has appointed Mike Ng for its newly created Group Chief Sustainability Officer (CSO) role, effective 1 August 2023 onwards. Ng will actively lead OCBC‘s sustainability agenda, including the…
Aspire Launches Full Integration With PayNow for Businesses
[ad_1] All-in-one finance platform Aspire announced that it has enabled bi-directional payments with PayNow, Singapore’s real-time payment system. Users can make PayNow transfers to other business or personal accounts via…
Identity Verification Firm Sumsub to Establish APAC HQ in Singapore
[ad_1] Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong…
The Economist: 5 Megatrends That Will Shape Banking in The Next Decade
[ad_1] The future of banking will be shaped by several forces and megatrends, including the accelerating digital revolution, new consumer expectations and efforts by governments to combat persistent economic and…
Fintech Connect Leaders Asia Returns for Its 3rd Year This August
[ad_1] The Fintech Connect Leaders Asia, a flagship summit for senior professionals from regional financial institutions, will take place from 28-30 August 2023 at the Raffles City Convention Centre, Singapore.…
GXS Bank Expands Access to Savings Account, Raises Deposit Cap to S$75,000
[ad_1] Grab and Singtel’s GXS Bank has made its savings account available on a first-come, first-served basis. The digital bank has also raised the deposit cap for its GXS Savings…