News Centre

H.E. Essa Kazim: Sukuk Sector Underlines Resilient Economic Performance Of UAE And Dubai - Emirates Islamic Chairman Rings Market-Opening Bell To Celebrate Listing Of USD 500 Million Sukuk On Nasdaq Dubai

Date 06/10/2020

• Profit rate of 1.827% is lowest by a UAE bank for 10 years, reflecting market confidence in bank’s strategy
• Listing reinforces Dubai’s status as largest venue in Middle East for Sukuk at USD 74 billion

AccessFintech Secures $20 Million In Series B Financing - Investment Led By Dawn Capital, With Additional Funding From Deutsche Bank And Follow On Investing From J.P. Morgan, Citi, Goldman Sachs

Date 06/10/2020

AccessFintech, the leading fintech company evolving the financial industry operating model through data and workflow collaboration, is pleased to announce the successful completion of its Series B round of $20 million, led by Dawn Capital, Europe’s largest venture capital fund dedicated to B2B software.

Reply To Singapore Parliamentary Questions On Relief Measures For Individuals And The Special Financial Relief Programme (Unsecured)

Date 06/10/2020

Questions:

Q 120. To ask the Prime Minister (a) what is the number of individuals who have applied for and received approval to (i) defer repayment of residential property loans (ii) lower interest on personal unsecured credit (iii) defer premium payments for life and health insurance and (iv) make flexible instalment plans for general insurance; and (b) whether MAS is considering extending (i) and (ii) beyond 31 December 2020.

Q 147. To ask the Prime Minister (a) to date, how many individuals have applied for the Special Financial Relief Programme (Unsecured); (b) how many individuals have been successfully subscribed into the Programme; (c) what are the main reasons for individuals not being able to participate in the Programme; (d) what is the average loan quantum of these individuals; (e) what is the average quantum that an individual saves as a result of converting his unsecured debt into this Programme; and (f) whether MAS can consider reducing the capped interest rate of 8% per annum, increasing the five-year loan tenor and extending the conversion period beyond December 2020 given the continued uncertainties Singapore's economy faces.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1.      As of end-August 2020, financial institutions (FIs) had received 38,900 applications to defer property loan repayments. They had approved over 90% of these applications. More than 26,000 of the approved applications were for individuals seeking to defer their residential property loans. This amounted to almost $20 billion of deferments.

SIX Now Operates Platform For All Swiss Bancomats

Date 06/10/2020

SIX completed the “ATMfutura” migration at the end of last week. This means that, under the leadership of SIX, all banks have equipped their Bancomats with uniform software. Banks can therefore benefit from simplified, automated handling and outsource this to SIX if required. End consumers can now also enjoy an extended range of functions at Bancomats of third-party banks. Additionally, they have new options at their disposal, such as withdrawing money with their smartphone.

InvestHK Unveils Esteemed Speakers For Hong Kong FinTech Week 2020 — Asia’s Annual Global FinTech Event - Invest Hong Kong Announces Line-Up For HKFW 2020, Including Prominent Industry Leaders, FinTech CEOs, Regulators And More. Now Open For Media Registration

Date 06/10/2020

InvestHK is delighted to announce that Hong Kong FinTech Week (HKFW), its annual flagship FinTech event, will take place virtually this year on 2-6 November. 

Contineo Releases All-New Platform For Structured Products - Contineo 2.0

Date 06/10/2020

Contineo, the first industry supported platform for pricing discovery, order management and post-trade services of structured products, is thrilled to announce the release of its new platform.

Xinhu Futures And Trading Technologies Create Partnership To Provide Connectivity To Chinese Derivatives Markets Via The TT® Platform

Date 06/10/2020

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and Xinhu Futures, an international provider of futures brokerage, investment consulting and asset management services, today announced they have entered into an agreement to provide access to the Chinese international derivatives markets through the TT platform.

US Department Of Justice: John McAfee Indicted For Tax Evasion - Allegedly Hid Cryptocurrency, A Yacht, Real Estate And Other Properties In Nominee Names To Evade Taxes

Date 05/10/2020

An indictment was unsealed today charging John David McAfee with tax evasion and willful failure to file tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney D. Michael Dunavant for the Western District of Tennessee. The June 15, 2020 indictment was unsealed following McAfee’s arrest in Spain where he is pending extradition.

SEC Charges John McAfee With Fraudulently Touting ICOs

Date 05/10/2020

The Securities and Exchange Commission today charged businessman and computer programmer John McAfee for promoting investments in initial coin offerings (ICOs) to his Twitter followers without disclosing that he was paid to do so. McAfee’s bodyguard, Jimmy Watson, Jr., was also charged for his role in the alleged scheme.

New Zealand Financial Markets Authority: World Investor Week Focus On Beginners After Steep Rise In Direct Investment

Date 05/10/2020

The Financial Markets Authority (FMA) is using World Investor Week this year to remind thousands of new Kiwi investors to do their homework and understand the risks of investing in financial markets.