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MORE than 63 per cent of participants in a poll showed a high trust in banks in Singapore, a fresh survey commissioned by the Association of Banks in Singapore (ABS) has found.

INDONESIA financial and payment service platform PAYFAZZ announced on Thursday a US$30 million investment in Singapore-based payment solutions provider Xfers. With the investment, both payment companies have also agreed to operate under a new entity, Fazz Financial Group (FFG), to provide financial services across South-east Asia.

SINGAPORE is showing strong international leadership on its sustainability drive, with ambitious and concrete targets as part of a new initiative called the Singapore Green Plan 2030.

DIGITAL wallets are poised to overtake credit cards to become the most popular online payment method in Singapore by 2024 amid the e-commerce boom fuelled by the pandemic.

NASDAQ-LISTED Futu Holdings has set up its South-east Asia headquarters in Singapore, where the tech-oriented online broker will soon officially launch its services and use the city-state as a springboard into the region, founder, chairman and chief executive officer Leaf Hua Li says.

WHILE economic recovery from the Covid-19 crisis is gradually taking hold in Singapore, the lower-income group continues to fare poorly, both in terms of their earnings and savings, compared with other segments of society, showed a new report from Singapore's largest bank DBS.

NUMBERS from Singapore's largest bank DBS put to rest earlier concerns of a "cliff effect" from deferring mortgage payments, a scenario where many, especially the most vulnerable, may not be financially prepared to make payments when moratoriums are promptly rolled back.

WHILE they stare quietly at their models, macroeconomists are hearing the distant rumble of revolt. A year ago, the Nobel laureate economist Joseph Stiglitz announced that capitalism was undergoing "yet another existential crisis", with "neoliberal ideology" to blame. Now Robert Skidelsky has proclaimed the arrival of a "silent...

SINGAPORE'S number of ultra-wealthy people continued growing strongly in the 2019-2020 period despite the pandemic, making it the Asian country with the second highest rate of growth in this segment.

THE Singapore banking system did not observe any significant increase in operational, fraud and cyber-risk incidents from remote working in 2020, compared with a year ago.