Singapore

S$NEER is still said to be in line with weaknesses in Singapore’s economy.

And Morgan Stanley pledges $20m for children’s mental health programs.

Buoyed by trends such as ongoing digitalisation, the use of big data, and the rise in seamless mobile internet connectivity, Southeast Asia’s financial services sector is transforming. With 360 million internet users across the region, accounting for approximately two-thirds of its population, 90 percent access the internet via their mobile phones. The increased emphasis on the digital experience has largely catalysed change across the global financial sector, giving rise to the digital banking phenomenon. As one of the region’s leading financial hubs, Singapore has a key role to play in this new regime.

It will be rebranded as GrabInvest to offer cash management solutions.

SMU students will help participate in banking and fintech projects of Union Bank.

Collaboration holds the key to unlock the pathways for traditional bank incumbents and technology entrants in the disrupted world of financial services, where disruptive companies can offer compelling alternatives to the huge customer base of unbanked and underserved across Southeast Asia.

Asset quality could weaken if the outbreak would continue to persist in the coming months.

The success of neobanks has raised challenges amongst the fintech industry. Providing a digital alternative to traditional banking, neobanks are, without a doubt, playing a key role in the evolution of banking.

Improved liquidity due to slow loan growth last year should cushion the effects.

It will utilise the accreditation to promote securities trading to its customers.

GIC injected $88.7m in a latest funding round along with Norwegian private equity firm Norfund.

Kheng Leong Lee was also the former chapter director for Asia for Factors Chain International.

And UBS plans to hire 20 managing directors for its US investment arm.

They will be attracted to the banks’ strong balance sheets and access to USD funding.

The index fund plans to capture $1.01b (US$750m) assets under management within 2020.

It will be driven by a projected NIM recovery and a decline in provision expenses.