Singapore’s venture ecosystem’s fundamentals are in place, with its various sectors, such as financial technology (fintech), set to grow as innovation practices are cultivated and local players evolve, according to top executives at Vertex Ventures, the city-state’s largest venture capital fund, and DBS Bank, the largest lender in ASEAN. During… Read more »
By Nguyen Thi Bich Ngoc
Biz serves 125,000 customers, has A$320m in lending assets, A$800m in deposits
Singapore’s DBS has named Sandeep Lal as the new Group Head Digital Bank with Olivier Crespin leaving the bank. Meanwhile, Standard Chartered Private Bank’s Global Head of Investment Advisory in Singapore Christian Mueller has stepped down. DBS names new Digital Bank head Singapore’s DBS has named Sandeep Lal as the… Read more »
Oxley Holdings is granting IHC a convertible note, GIC and Unite Students have acquired the Aston Student Village and DBS Bank has sold the PwC Building.
With fintech investments in China surging to $8.8 billion between July 2015 to June 2016 and a huge appetite of the domestic economy (GDP $10.9 trillion in 2015), China has leapfrogged ahead to become the undisputed global fintech hub.