Singapore

Why it's high time for microfinance to become mainstream

Why it's high time for microfinance to become mainstream

“Microfinance” has been one of the great success stories of finance in the developing world. It’s something that the Western world could learn from. Yes we have Credit Unions, but their share of the market is tiny, and they don’t have an impact on the lower-income sector of the population in any meaningful way.

Singaporean SMEs want their own bank

Bank will focus financing small- and medium-enterprises. SMEs have renewed their call for a bank that will focus on providing financing to their sector. They also want a one-stop agency that will help them with all issues ranging from applying for government schemes to doing business overseas.

StanChart completes bank payment obligation transaction under URBPO

Transaction was fully automated through Straight2Bank.

Asian banks warned against rising household debt

Guess which countries will be badly hit?