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Fintech firm Sparrow obtains MAS licence to provide digital payment token services

FINTECH player Sparrow has obtained a major payment institution licence from the Monetary Authority of Singapore (MAS) to provide digital payment token services under the Payment Services Act 2019.

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DBS names Lim Chu Chong new head of Indonesia franchise

DBS on Monday (Aug 1) said it will appoint Lim Chu Chong as the new head of its Indonesia franchise. He will succeed Paulus Sutisna, who has held the role since 2015.

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Asia-Pacific attracts US$929m net flows into sustainable funds in Q2: Morningstar

SUSTAINABLE funds in the Asia-Pacific, excluding China and Japan, recorded US$929 million in net flows in the second quarter of 2022, down 26 per cent from the S$1.3 billion net inflows recorded in the first quarter, Morningstar said on Friday (Jul 29).

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UOB Q2 net profit rises 11% to S$1.1b; declares interim dividend of S$0.60

UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.

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UOB’s Q2 earnings up 11% to S$1.1b; CEO Wee expects Asean economies to stay resilient

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Improved NIMs should cushion banks’ Q2 earnings from market volatility: analysts

THE big 3 Singapore banks are expected to post stronger net interest margins (NIMs) for the second quarter of 2022, following a series of interest rate hikes by the Federal Reserve to combat inflation.

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Improved margins should cushion banks’ Q2 earnings from market volatility: analysts

THE big 3 Singapore banks are expected to post stronger net interest margins (NIMs) for the second quarter of 2022, following a series of interest rate hikes by the Federal Reserve to combat inflation.

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Fund managers required to disclose strategies, metrics of ESG funds in 2023

FROM Jan 1, 2023, fund managers in Singapore will be required to disclose the investment strategies, metrics and criteria of retail funds sold with the environmental, social and governance (ESG) label, as part of the Monetary Authority of Singapore’s (MAS) efforts to tackle greenwashing.

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Stopping new angpow notes could save emissions equal to annual power for 430 HDB flats

THE Monetary Authority of Singapore (MAS) aims to pave a way towards a future where it will no longer issue new notes for festive gifting by encouraging the public to use fit notes and e-payments solutions.

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Ability to adapt is key to staying ahead of changing trends, says StanChart’s Li

JESSIE Li believes adaptability is one of the greatest assets amid changing trends in banking and finance.

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