Financial Services
MAS grants conditional approval to PingPong Payments
PingPong Payments has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) licence. This approval will enable PingPong,...
MAS mandates AI safeguards in finance
The Monetary Authority of Singapore (MAS), in collaboration with leading financial institutions and FinTech companies, has released a white paper proposing a framework for safeguarding...
Acadian bolsters Asia team with key appointments
Acadian Asset Management, a leader in systematic and quantitative investing, has announced the expansion of its Asia-based team with three strategic appointments. This move underscores...
FSMOne reveals 18.8% unit trust return
FSMOne Malaysia has announced that its clients' unit trust investments yielded an average return of 18.8% over the 12 months ending 31 May 2026. This...
Singapore IB fees surge to $418.4m in H1 2026
Investment banking fees in Singapore have reached their highest level in four years, totalling US$418.4m in the first half of 2026, according to the London...
DBS, Samsung forge alliance to advance wealth management in Asia
DBS and Samsung Securities have signed a Memorandum of Understanding (MOU) to form a strategic partnership in wealth management, aiming to broaden client access between...
MAS and CSRC ink agreement to boost market oversight
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have reaffirmed their commitment to enhancing capital markets and supervisory cooperation. This...
OCBC unveils avatar banking to elevate customer experience
OCBC has unveiled its latest innovation, OCBC WoW, a mobile app featuring AI-driven avatars, Wendy and Wayne, designed to transform customer engagement through hyper-personalised wealth...
Fraud attempts surge, hitting Singapore banks hard
A recent survey by BioCatch highlights a worrying trend in Singapore's banking sector, with 91% of fraud-management, anti-money laundering, and compliance leaders reporting an increase...
MAS revokes Bsquared’s licence for compliance failures
The Monetary Authority of Singapore (MAS) has announced a series of enforcement actions taken in the second quarter of 2026, targeting breaches of financial regulations....
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