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SINGAPORE expects to see a fuller transition to the use of its alternative benchmark rate, the Singapore Overnight Rate Average (SORA), starting next year, with key banks in the Republic ready to trade SORA derivatives that should boost market participation and liquidity.

FINANCIAL services startup GoBear will partner cloud banking platform Mambu and alternative credit scoring provider CredoLab to accelerate its lending business across Asia, Mambu said in a statement on Monday.

DBS on Monday launched a sustainable and transition finance framework and taxonomy as part of efforts to partner clients from key industries to transition to a low-carbon economy. 

SINGAPORE Exchange (SGX) will buy the remaining 80 per cent stake in BidFX from other shareholders for about US$128 million cash, in a move that will expand its reach beyond foreign exchange (FX) futures into the global FX over-the-counter (OTC) market when the transaction is completed in...

THE US dollar is at a crucial crossroads these days as more currency strategists have turned bearish.

ON MAY 26, the New York Times reported that the US Justice Department had dropped investigations into three US senators' stock trades conducted shortly after they had been privately briefed on the novel coronavirus in January. The politicians had dumped millions of dollars of shares in Exxon...

MAINBOARD-LISTED agri-business group Olam International and Deutsche Bank on Friday announced the execution of Asia’s first FX derivative linked to environmental, social and governance (ESG) key performance indicators (KPIs). 

BUSINESSES which do not manage their environmental risk adequately could find themselves facing higher borrowing costs or limits on their loans down the road, if the proposed guidelines released by the Monetary Authority of Singapore (MAS) on Thursday are implemented.

GREAT Eastern will make a US$70 million investment in Axiata Digital's financial-services business to "participate in Axiata's growing fintech expansion plans in the region", said Great Eastern's group chief executive Khor Hock Seng on Thursday.

MORE contactless payment options are coming through in Singapore, with the Covid-19 outbreak underscoring the need for such forms of digital payments.