SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major Japanese life insurer buying about 25 per cent in the Singapore firm.
ASIA-PACIFIC banks have to be cost-efficient or prepare to be acquired, warned McKinsey & Company. But there is considerably less room for consolidation in Singapore.
SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major life insurer in Japan buying about 25 per cent in Singapore Life.
THE Bank for International Settlements (BIS) has picked Singapore as one of three sites where they will set up its first wave of innovation hub centres.
THE chills arising from trade tensions between the US and China has pushed Asia closer, with recent data from banks showing signs of the region's huddle in terms of intra-regional trade and capital flows.
THE Bank for International Settlements (BIS) will establish an innovation hub centre in Singapore, along with one each in Basel, Switzerland and Hong Kong.
SAVERS may want to consider locking in the higher fixed deposit rates available now before banks and financial institutions here take the cue from the dovish United States central bank and cut their fixed deposit rates.
DBS Bank on Friday debuted the second season of Sparks, a mini-series inspired by true stories of social enterprises and their journey from the ground up.
SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years.
RAZER said it is considering applying for a digital-bank licence in Singapore, after the Monetary Authority of Singapore (MAS) on Friday night announced its intention to issue up to five new licences with applications starting from August.
