Goldbell Group launches private debt investment platform to drive growth in local companies

LOCAL vehicle leasing giant Goldbell Group announced the launch of its private debt investment platform Goldbell Evolution Network (GEN) on Friday which seeks to offer yields of between 5-12 per cent returns.

Ron Sim's V3 Group eyes digibank bid with EZ-Link, FEO, Heliconia

RON Sim's V3 Group is believed to be in talks with stored-value card operator EZ-Link, property group Far East Organization and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

Ron Sim's V3 Group mulls Singapore digibank bid with Far East Organization, Temasek's Heliconia and EZ-Link

Ron Sim's V3 Group is said to be in talks with property group Far East Organization, stored-value card operator EZ-Link, and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

Ron Sim's V3 Group sets up fintech unit, hires ex-Fullerton, Temasek veteran

LIFESTYLE products group V3, owner of OSIM and TWG Tea brands, has set up a fintech business unit in October to pursue related opportunities in the region, as well as develop digital financial services, especially for the small and medium-sized enterprise (SME) segment.

SFF X SWITCH

Singapore maps out route to becoming AI powerhouse

AN INAUGURAL roadmap that lays out Singapore's plan to leverage artificial intelligence (AI) to transform the economy was unveiled on Wednesday, in the country's most ambitious push yet to become a global AI powerhouse.

MAS co-creates framework with financial sector for responsible use of AI

THE Monetary Authority of Singapore (MAS) will be working with financial industry partners on an initiative known as Veritas – a framework for financial institutions to promote the responsible adoption of artificial intelligence (AI) and data analytics.

SFF X SWITCH

Facebook's Libra a 'good idea', but still too many unknowns: panellists

FACEBOOK'S embattled digital currency Libra may have faced fierce pushback from the get-go, but its attempt to solve the cross-border payments problem is still cautiously welcomed by some central bankers and private players.

Facebook's Libra can coexist with central banks' digital currencies, says its co-creator

THERE is still a future for Facebook’s embattled digital currency Libra, even if central banks around the world decide to create their own digital currencies, said Christian Catalini, co-creator of Libra and head economist of Calibra, a digital currency wallet that is a subsidiary of Facebook....

DBS has solid Q3, but faces margin squeeze

SOUTH-EAST Asia's largest lender DBS will not be able to meet its 2019 net interest margin (NIM) growth forecast that it had guided for earlier, as the three interest rate cuts by the US Federal Reserve this year took the bank by surprise.

Artificial intelligence to power up UOB's mobile banking app

EVER missed your regular Netflix or Spotify payment when it was due? A new mobile banking app feature by the United Overseas Bank (UOB) can now tell you if payment for your usual subscription-based service is coming up. It can even alert you if subscription fees have increased and when your...

Prudential pivots on preventative healthcare through technology

PRUDENTIAL Singapore is tapping on technology tools and artificial intelligence (AI) in a concerted push towards preventative healthcare, pivoting away from the conventional cure-based approach that is the mainstay for many traditional insurers.

UOB is banking on data

ALMOST all banks like to boast their data capabilities, but not many have managed to go beyond acquiring insights to delivering results.

NEWS ANALYSIS

Singapore and Hong Kong not a zero-sum game

SIGNS continue to mount that Singapore stands to be a beneficiary from Hong Kong's protracted woes, but such a narrow view obscures the likelihood that the Republic - and even the entire region - will not go unscathed if the situation worsens.

OCBC Q3 provisions jump on weaker economic outlook

OCBC Bank recorded a surge in its third-quarter allowance for loans and other assets from both a quarter ago and from the year-ago period, as Singapore's second-largest lender anticipates a weaker economic outlook and rising geopolitical risks across most of its markets including Singapore, Hong...

Singapore businesses far less upbeat compared with rest of Asean: survey

ASEAN businesses may be among the most bullish in the world, but Singapore companies are far less confident about their growth prospects in the coming year, striking a worrying note for Singapore's outlook as it struggles to get out of its slump amid a global economic slowdown.

BT EXCLUSIVE

Fintech BondEvalue makes bond trading accessible through blockchain

IN THE near future, investors may just need to fork out US$1,000 to invest in wholesale bonds, compared with the hefty minimum of US$200,000 currently.

UOB goes digital to manage B2B cash-on-delivery risks

THE cash-on-delivery model remains dominant for many businesses in Singapore - especially small- and medium-sized enterprises (SMEs) - despite the risks in handling cash and the resources needed to verify payments and reconcile collections against invoices.

Keith Magnus joins top management body at Evercore

STAR investment banker Keith Magnus has been appointed to the global management committee of independent investment banking advisory firm Evercore - one of the rare instances of a Singaporean having made it to the big leagues of a global bank.

BANK EARNINGS

Singapore banks may see margin squeeze in Q3

MARGINS for the three Singapore banks are likely to be squeezed in the third quarter as the Singapore Inter-bank Offered Rate (Sibor) tracks south in line with the Fed's rate movement, even as loan growth is expected to remain steady.

DIGITAL FINANCE

Singapore beating fresh path to the world of e-commerce

AT A time when traditional trade relations come under strain, Singapore's move to build data corridors with other small, open economies for greater digital connectivity is the new frontier in global liberalisation, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), has...

BT EXCLUSIVE

Startups may scale back top gun packages as they set sights on profit

IN THE fierce competition for talent, how do unicorns like Grab and Razer lure top guns away from more established businesses? With "offers they cannot refuse".

TOPLINE

ANZ ready to 'pivot to growth' in Asia with support of Asia-Pacific network

IF it seems quieter than usual for the Australia and New Zealand Banking Group (ANZ) in Singapore lately, it is not because the region is becoming less of a priority.

BT EXCLUSIVE

CIMB eyes doubling Singapore SME banking share by 2021

CIMB Bank is looking to power up its small- and medium-sized enterprise (SME) banking business in Singapore, with plans to double its market share from 3 per cent to 6 per cent by 2021.

EXECUTIVE MOVES

Citi promotes Peter Babej to CEO for Asia-Pacific

CITI on Thursday named financial institutions group head Peter Babej as CEO of its Asia-Pacific region. He will begin his transition immediately.

Dealmaker Peter Babej appointed Citi's Asia-Pacific CEO

CITI on Thursday named financial institutions group head Peter Babej as CEO of its Asia-Pacific region, who will begin his transition immediately.