Tag "HSBC"

HSBC Group CEO Noel Quinn Announces Retirement

HSBC Group’s Chief Executive Noel Quinn is set to retire, marking the end of a near five-year stint at the helm of the banking giant. The bank said in a statement that it has achieved notable milestones, including record profits

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Financial Sector Dominates LinkedIn’s ‘Best Workplaces’ in Singapore

LinkedIn has released its Top Companies list for 2024, identifying the 15 best workplaces for career growth in Singapore. Financial institutions dominate this year’s rankings, emphasizing the sector’s focus on employee experience and adaptability in integrating artificial intelligence. The analysis,

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COSMIC Platform Goes Live in Singapore to Combat Financial Crime

The Monetary Authority of Singapore (MAS) has officially rolled out the COSMIC platform, a digital initiative aimed at bolstering the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction. The system, which became operational today

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HSBC Earmarks US$150M for Venture Debt to Fuel Singapore’s Business Expansion

HSBC has earmarked US$150 million for its venture debt offering that is aimed at scaling high-growth companies in Singapore. Through this initiative, high-growth, venture capital or private equity-backed companies in Singapore will have access to flexible funding arrangements to fuel

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Indonesia’s Akulaku Secures US$100M Debt Financing from HSBC Singapore

Indonesian fintech Akulaku Group announced that it has secured US$100 million in debt financing from HSBC Singapore. Akulaku aims to deepen its operational footprint in Southeast Asia, facilitating the launch of new financing products and enhancing services for the underbanked

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Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC).  This shift is not merely about adopting new technologies; it’s about reimagining the role of

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Wealth Management Trends Transforming the Industry in 2024

Emerging technologies are critical for wealth management firms as economies faced a dampened investment environment in 2023, with disappointing equity returns and sky-high interest rates. As a result, wealth preservation became the most crucial goal for high-net-worth individual (HNWI) investors

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Digital Assets and Sustainable Finance Take Center Stage at Singapore Fintech Festival

At the Singapore Fintech Festival 2023, Ravi Menon, Managing Director of the Monetary Authority of Singapore, delivered an insightful address on fintech’s current and future direction. His speech thoughtfully reflected Singapore’s advancements in fintech since the previous year and a

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HSBC Business Go Insights and Networking Platform Debuts in Singapore

HSBC Singapore has announced the launch of HSBC Business Go at the Singapore Fintech Festival 2023. This digital community platform, aimed at business owners, incorporates machine-learning and API technologies to provide market and business insights. It also enables networking with

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MAS Unveils Five New Industry Pilots Under Project Guardian

The Monetary Authority of Singapore (MAS) has teamed up with the financial industry to expand initiatives related to asset tokenisation. The goal is to enhance the foundational capabilities necessary to scale tokenised markets, ultimately driving institutional adoption of digital assets.

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