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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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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