TRUMID, a New York-based fintech startup and corporate bond trading platform, has secured fresh funding of US$60 million from investors, led by global investment firm Hillhouse Capital.
UOB expects to have half of its revenue coming from outside Singapore by 2021, up from about 40 per cent currently, saying that the market may have underestimated the network potential from its Asean exposure.
TRUMID, a New York-based fintech startup and bond trading platform, has secured fresh investment from global investment firm Hillhouse Capital in a US$60 million funding round.
UOB on Wednesday said it plans to capture greater connectivity flows between Asean and Greater China, with the bulk of its operating profit from outside Singapore already derived from operations in the Asean region and Greater China.
RATINGS agency Moody's Investors Service said in a report that the proposed final Basel III rules are "credit positive for Singapore banks" as they would maintain their "very strong capital ratios".
ASIA venture debt firm InnoVen Capital has secured US$200 million of additional capital commitment from shareholders Temasek and United Overseas Bank (UOB) as it steps up its pursuit of startups in the region.
RATINGS agency Moody’s Investors Service said in a report the proposed final Basel III rules are "credit positive for Singapore banks" as they would maintain their "very strong capital ratios".
