Singapore
4 factors intensifying the talent gap in the FinTech sector
                                                                                 
                    
                    A report revealed that demand for talent in the FinTech sector is still outpacing supply.
                
                                
            4 factors intensifying the talent gap in the FinTech sector
                                                                                                                 
                            
                            A report revealed that demand for talent in the FinTech sector is still outpacing supply.
                        
                                                
                        
    
                    DBS Group’s net profit jumps 32% YoY to $2.24b in Q3
                                                                                                 
                        
                        Its total income grew 28% to $4.54b.
                    
                                        
                    
                CIMB Singapore increases fixed deposit rate up to 3.90%
                                                                                                 
                        
                        This is the highest as of 31 October.
                    
                                        
                    
                Tokenised assets, stable coins central to Singapore’s crypto hub ambitions
                                                                                                 
                        
                        Collaboration is key to achieving finance goals, says MAS’ Ravi Menon.
                    
                                        
                    
                Singapore launches digital banker’s guarantee, insurance bond
                                                                                                 
                        
                        The eGuarantee@Gov is available from over 20 financial institutions locally.
                    
                                        
                    
                MAS commits $150m for third round of fintech funding scheme
                                                                                                 
                        
                        This commitment will last for three years.
                    
                                        
                    
                Singapore to eliminate all corporate cheques by 2025
                                                                                                 
                        
                        Use of cheques for payments has declined to just 7%, says DPM Wong.
                    
                                        
                    
                SG, China deepen cooperation in green finance, capital markets
                                                                                                 
                        
                        They will work on three initiatives.
                    
                                        
                    
                5 ways a financial institution can shield itself from cyber attacks
                                                                                                 
                        
                        MAS warned that the cyber threat landscape has been increasingly hostile.
                    
                                        
                    
                MAS to test purpose-bound digital SGD
                                                                                                 
                        
                        This can be used in government and commercial vouchers, amongst others.
                    
                                        
                    
                UOB’s net profit soars 34% YoY in Q3
                                                                                                 
                        
                        The increase was driven by strong net interest income amongst others.
                    
                                        
                    
                Central bank proposes to regulate stablecoins, add rules for DPT providers
                                                                                                 
                        
                        It seeks to prevent consumer harm from cryptocurrency trading.
                    
                                        
                    
                BNPL code launched, outstanding payments limited to S$2,000 without credit assessment
                                                                                                 
                        
                        Consumers are now entitled to make full repayment without early repayment fees. 
                    
                                        
                    
                Adapt to survive in 2023: A step change for business models in FinTech
                                                                                                 
                        
                        By Pat Patel, Executive Director, Elevandi
                    
                                        
                    
                1 in 3 private home mortgages under a floating rate: MAS
                                                                                                 
                        
                        For HDBs, that’s just 1 in 5 loans extended by financial institutions.
                    
                                        
                    
                OCBC appoints Sunny Quek as head of global consumer financial services
                                                                                                 
                        
                        He will lead the bank’s banking and wealth business in Singapore.
                    
                                        
                    
                Standard Chartered taps ex-Citi head of markets as global head of international banking
                                                                                                 
                        
                        James Lye will begin his role on 1 November.