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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
In November 2016, Funding Societies Malaysia became one of 6 licensed SME lending platforms in Malaysia recognised and regulated by the Securities Commission. [8] In January 2017, Funding Societies was one of the first SME digital lending platforms in Singapore to be awarded Capital Markets Services Licence by the Monetary Authority of Singapore.
At its height, LendingClub was the world's largest peer-to-peer lending platform. [7] The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015. [8] LendingClub enabled borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period was three years.
Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness' loan portfolio for an undisclosed amount to bolster its top-line revenue and customer ...
The merger was approved by the High Court of Singapore and was effective on 21 October. In January 2001, the merged company was named UOB-Kay Hian Holdings Ltd. In March 2001, Kay Hian Overseas Securities Ltd and United Mok Ying Kie Ltd were merged. In May 2002, OUB Securities (Hong Kong) Ltd and UOB Kay Hian (Hong Kong) Ltd were merged.
Stock exchanges in Singapore (1 C, 4 P) Pages in category "Financial services companies of Singapore" The following 13 pages are in this category, out of 13 total.
In Singapore, Accredited Investor is defined in Section 4A(1)(a) of the Securities and Futures Act (SFA), Chapter 289. [13] NET Personal assets exceeding $2 million (or equivalent in foreign currency). Or; Income in preceding 12 months of not less than $300,000 (or equivalent in foreign currency). Or
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