THE performance data of various stock markets over the past three months suggest that the passive indexing strategy has on average performed "marginally worse" than actively managed funds in the recent sell-off, says iFast Corp senior unit trust analyst Shawn Teow.

MAINBOARD-LISTED iFast Corporation is targeting an ambitious 20 per cent return on equity (ROE) from its digital banking outfit in the next five years, with the firm "confident" of receiving a wholesale licence come mid-2020, said its top executive.

DIGITAL bank hopeful iFast Corporation on Thursday posted a 14.4 per cent rise in net profit to S$3 million for the fourth quarter ended Dec 31, 2019 up from S$2.6 million a year ago. 

iFast consortium partner Yillion already operates one of four digital banks in China. The post SG digital bank contender iFAST eyes SME, cross-border lending space appeared first on DealStreetAsia.

SINGAPORE (Jan 7): A total of 21 groups have submitted bids for Singapore’s digital bank licences as at the close of application on Dec 31, 2019, the Monetary Authority of Singapore (MAS) announced Tuesday. This comprises 7 applications for the digital full bank (DFB) licences, and 14 application...

SINGAPORE (Jan 3) — Singapore-based wealth management platform iFAST Corporation has confirmed its bid for one of the digital wholesale banking license to be given out in Singapore.  iFast is leading a consortium comprising of China’s Yillion Group and Hande Group that put in their bid towards...

THE following companies saw new developments that may affect trading of their securities on Friday:

THE following companies saw new developments that may affect trading of their securities on Friday.

MAINBOARD-LISTED iFast Corporation has led a consortium with two China partners to apply for a Singapore digital wholesale bank licence in December 2019.