Borrowers are being contacted by their licensed moneylenders and being asked to “stay vigilant against possible phishing scams” following the data breach.
Category: Finance
Microsoft and CrowdStrike stocks bearish on Wall Street after Blue Screen error affects global institutions
The Wall Street movement on Friday coincided with a significant global outage that caused delays for flights, banks, and even doctor’s appointments.
MAS commits SGD100m more to support AI and quantum tech in Singapore financial sector
The Financial Sector Technology and Innovation Grant Scheme was introduced by MAS in June 2015; it was designed to support the creation of a vibrant ecosystem for innovation in the Singapore financial sector.
How to prevent revenue leakage within your organisation
Revenue leakage is a critical concern for businesses aiming to maintain a strong financial footing and support sustainable growth. It can emerge from various organisational sources, from inefficient processes to billing errors. Understanding and addressing these leaks is vital to preserving a company’s fiscal health. This article will explore effective strategies on how to prevent […]
Singapore and UK hold 9th Financial dialogue, bolster partnership in fintech and sustainable finance
The UK and Singapore renewed their commitment to engagement beyond the Dialogue through a series of roadmap engagements to explore further cooperation in sustainable finance and fintech and innovation, ahead of the next Financial Dialogue due to be held in the UK in 2025.
Piyush Gupta: DBS CEO sells bank shares worth SGD 2.67 million
The transaction was made on May 3, just a day after DBS Group announced a rise in its net profit in the first quarter of 2024.
Singapore: MAS introduces amendments to Payment Services Act; Changes to take effect in stages from April 4
MAS stated that the amendments will empower it to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.
Singapore: MAS to bolster defence against money laundering and terrorism financing with COSMIC platform
Following public consultation in October 2021, the Financial Services and Markets Act 2022 (FSMA) was amended in May 2023 to set out the legislative framework for COSMIC.
Mumbai overtakes Beijing to become the ‘Billionaire Capital’ of Asia
India’s Financial Capital Mumbai, which has many names and tags attached to its existence, has another distinction bestowed upon it. Maharashtra’s capital city has now become the ‘Billionaire Capital’ of the largest and most populous continent in the world, Asia.
Eight UK properties including one endorsed by ManUtd legend Gary Neville that can bolster your investment profile
With high returns, investment in properties in the United Kingdom is slowly gaining traction amongst Indians.