SASS AND THE CITY

Are the days of specialists behind us?

THERE is a growing debate around the future of specialists in a world where technology can seemingly pump out results on steroids.

Discretionary portfolios finding favour with Bank of Singapore clients

BANK of Singapore is seeing a surge in interest from clients in discretionary portfolio management (DPM) - with a 40 per cent jump among its Singapore clients seeking out the service between 2016 and 2018.

DBS chief sees 'four or five' candidates on his succession bench

DBS chief executive officer Piyush Gupta has spotted "four or five" internal candidates who have the potential to take on his job, though without specifying a timeline, he said in an interview with Euromoney magazine.

TEMASEK REVIEW 2019

Temasek's one-year return tumbles amid softer regional markets

TEMASEK Holdings on Tuesday reported a one-year total shareholder return (TSR) of 1.49 per cent for the 12 months ended March 31, 2019, and is readying for lower returns expectations for the longer term amid weak global growth, as well as heightened competition for investments.

TEMASEK REVIEW 2019

Temasek does not see merger of subsidiaries to sniff down deals

TEMASEK Holdings has a sprawling number of subsidiaries, including investment vehicles and funds. But even as the investment opportunities are narrowing, while yield-hungry investors continue to prowl for deals, a consolidation of Temasek units to address this competitive environment is not...

TEMASEK REVIEW 2019

Temasek posts 1.49% one-year return; divestments outpace investments

TEMASEK Holdings on Tuesday reported a one-year total shareholder return (TSR) of 1.49 per cent for the 12 months ended March 31, 2019, reflecting market volatility as it warned of lower returns expectations for the longer term amid weak global growth.

BT EXCLUSIVE

OakNorth to sell loan underwriting tech to Asian incumbents

OAKNORTH, a GIC-backed challenger bank from the United Kingdom, has set up shop in Singapore to sell its data-driven credit underwriting model to Asian financial incumbents.

DIGITAL BANKS

To challenger banks, an incumbent poses S$2 million question

THE question behind the worth of a challenger bank may come down to this: would you put two million dollars in a challenger bank?

Validus to apply for Singapore digital-banking licence

SINGAPORE'S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new space.

HOCK LOCK SIEW

Bank stocks vs Reits may be a false dichotomy

SOME analysts have argued the recent selldown of Singapore bank stocks on concerns over US-China trade tensions has made them attractive on valuation grounds, trumping even the much vaunted, high yielding S-Reit sector.

Vertex-backed Validus to apply for Singapore digital-banking licence

SINGAPORE'S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new space.

GIC REPORT 2019

GIC boosts cash, bond holdings in defensive stance amid trade war

GIC has raised its defensive position by a slight notch amid a slowing rate of globalisation on trade tensions, as well as lofty valuations, as it reported a 3.4 per cent annualised rolling 20-year real rate of return.

GIC REPORT 2019

GIC sees 'good chance' of growing Asia exposure

GIC is already positioned as a significant Asian investor, and sees itself naturally growing its exposure to the region amid Asia's rising stature.

GIC REPORT 2019

Sovereign wealth fund urging portfolio companies to embrace tech - or be turfed out

IN MANY ways, it's do or die. It is why GIC is actively "encouraging" incumbents in its portfolio to seize technology - or run a real risk of becoming irrelevant.

Fintech Singapore Life secures US$90m from major Japan insurer

SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major Japanese life insurer buying about 25 per cent in the Singapore firm.

Fintech Singapore Life secures US$90m from Sumitomo Life Insurance

SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major life insurer in Japan buying about 25 per cent in Singapore Life. 

BT EXCLUSIVE

Intra-Asia trade adds on muscle as US-Sino spat drags on

THE chills arising from trade tensions between the US and China has pushed Asia closer, with recent data from banks showing signs of the region's huddle in terms of intra-regional trade and capital flows.

Singapore to issue up to five new licences to digital banks

SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years.

InstaReM to apply for digital banking licence in Singapore

REMITTANCE startup InstaReM told The Business Times (BT) on Friday it plans to apply for the digital banking licence in Singapore when applications open in August. 

Singapore to issue up to 5 licences to digital banks in liberalisation push

SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years.

NEWS ANALYSIS

As virtual banking looms in Singapore, incumbents must prove digital mettle

AS THE drums sound louder on the landing of virtual banks in Singapore, analysts are warning that incumbents need to squeeze more from their digital pursuits to fend off the attack by large fintechs.

Visa aims to halve its global fraud rate by 2025

PAYMENTS giant Visa plans to halve its global fraud rate by 2025, having been using artificial intelligence to prevent an estimated US$25 billion in fraud annually.

MAS issues prohibition orders against ex-UBS banker

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against an ex-UBS banker who in 2013 forged letters from foreign law firms to deceive the Swiss private bank into believing that certain UBS clients were tax compliant in their home countries.

MAS issues prohibition orders against ex-UBS banker over forged documents

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against a former UBS banker over forged documents and fake emails.

SASS AND THE CITY

The power of simple curiosity

WHAT happens when an entire non-fiction book is built on a premise that the author got completely wrong? Author Naomi Wolf found out the painful way.