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Citi to roll out consumer e-payments business in Asia and other markets by Q1 2020

CITI is aiming to launch its digital consumer payments business in Asia and elsewhere by the first quarter of 2020, so it can ride the wave of the region's growing flows and digital ecosystems, said a senior executive of the US bank on Thursday.

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A*Star: Nothing came out of MOU signed with Marvelstone Group last year

THE Agency for Science, Technology and Research's (A*Star) commercialisation arm, A*ccelerate, said there has been no collaboration with fintech group Marvelstone Group, despite an agreement signed with Marvelstone late last year.

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A*Star says it has no collaboration with Marvelstone Group

SINGAPORE'S Agency for Science, Technology and Research's (A*Star) commercialisation arm, A*ccelerate, said on Thursday there has been no collaboration with fintech group Marvelstone Group, despite an agreement signed with Marvelstone late last year.

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Sluggish Singapore loan growth in 2019 amid stable rates, Sino-US trade war: Fitch

FITCH Solutions Macro Research said 2019 will be a challenging year for the banking sector given that global outlook risks may spill over to the small and open economy of Singapore.

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Citi to roll out consumer e-payments business in 20 markets including Asia by Q1 2020

CITI is aiming for its new digital consumer payments business to be live in 20 markets across all regions, including Asia, by the first quarter of 2020, the US financial services giant said on Thursday.

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Asset-based finance software provider HPD LendScape opens first Asian office in Singapore

ASSET-BASED finance (ABF) software company HPD LendScape has opened its first Asian office in Singapore.

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SGX-backed US startup Trumid raises US$60m in fresh round of funding

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.

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UOB expects overseas business to account for half of revenue by 2021

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.

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Hillhouse Capital, SGX backs US$60m investment into US bond trading platform Trumid

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.

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Amid rising trade tensions, UOB to double down on Asean-China flows: CEO

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.

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