Tag "HSBC"
HSBC Bets on Climate Tech with US$1 Billion Investment
HSBC has pledged to invest US$1 billion in high-potential early-stage climate tech companies around the world. The funding will support startups working on a range of new solutions, including EV charging, battery storage, sustainable food and agriculture, and carbon removal
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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Singapore Passes MAS’ Bill on ‘COSMIC’ to Gather Info on “Red Flag” Customers
The Singapore parliament has passed the Monetary Authority of Singapore’s (MAS) bill to establish the COSMIC platform. COSMIC is a secure digital platform for financial institutions to share with one another, information on customers who exhibit multiple “red flags” that
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Embracing the Age Of Hyperpersonalisation in Banking
Over the past few years banks are waking up to the importance of hyperpersonalisation by investing heavily in data analytics and cloud technologies to deliver tailored products and services in a bid to retain their customers’ loyalty. Fintech News Singapore
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HSBC Insurance Completes Merger With AXA Singapore
The integration between HSBC Insurance Singapore and AXA Insurance is now complete and has begun operating as a combined entity – HSBC Life Singapore. The merger and rebranding will have no impact to the terms of any of the policies in-force
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HSBC Singapore Appoints New Head of Wealth and Personal Banking
HSBC announced the appointment of Ashmita Acharya as Head of Wealth and Personal Banking (WPB) in Singapore, with effect 18 January 2023. Ashmita will report to both Wong Kee Joo, CEO, HSBC Singapore and Greg Hingston, CEO, HSBC Global Insurance
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HSBC Deepens Investment in Asia With New Singapore Head Office
HSBC announced the official opening of its new head office at Marina Bay Financial Centre Tower 2 (MBFC) as part of its long term commitment to Singapore. The new head office includes over 140,000 sq ft of space over the
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Top 10 Highlights from Last Week’s Singapore Fintech Festival
The seventh edition of the Singapore Fintech Festival (SFF), one of the world’s largest annual fintech events, kicked off on October 31, 2022 as an in-person event at the Singapore Expo. This year’s event, themed “Building Resilient Business Models amid
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WeavInsight, FQX and Norbloc Win the MAS Global Fintech Hackcelerator 2022
FQX, norbloc and WeavInsight are the winners of the Global Fintech Hackcelerator 2022, organised by the Monetary Authority of Singapore (MAS) and Oliver Wyman. This year’s programme, which focuses on Web 3.0 and green finance, was designed based on problem
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MAS Completes Its First Digital Asset Live Trades Under Project Guardian
The Monetary Authority of Singapore (MAS) announced that Project Guardian, its project exploring decentralised finance (DeFi) applications in wholesale funding markets, has completed its first live trades. The trades were conducted under Project Guardian’s first industry pilot which saw DBS,
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