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Singapore Gulf Bank said on Tuesday that it had appointed former U.S. Federal Reserve vice chair Randal Quarles as vice chairman of its newly-formed global advisory board to support the digital lender's international growth strategy.

Singapore Gulf Bank (SGB), a fully licensed digital bank, has launched SGB Net, its real-time, multi-currency clearing network built to support the growing operational needs of digital asset participants. The platform enables free transfers around the clock — without relying on SWIFT or being constrained by traditional banking hours.

The Bahrain Economic Development Board (Bahrain EDB) has secured over USD 380 million in investment commitments from Singapore-based companies, since the launch of Bahrain EDB office in Singapore in November 2023, across a number of priority sectors, namely financial services, ICT, manufacturing, and tourism.

The Labour Fund (Tamkeen) announced its support for Gulf Singapore Bank (SGB), the digital bank backed by Bahrain’s Sovereign Wealth Fund, Mumtalakat, and privately held investment group Whampoa Group aimed at enhancing the employment of skilled Bahraini professionals in high value positions within the financial services sector and assist the bank in launching its operations in Bahrain.

Stablecoins bridge traditional banking and digital assets, enhancing cross-border payments, financial inclusion, and global trade while requiring robust regulation and collaboration.

Market players cite US president-elect Donald Trump’s election win as a key catalyst for the promising outlook from investors and the global crypto industry

The Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, met today with the Chairman of Singapore Gulf Bank (SGB), Edmund Lee, at Gudaibiya Palace.

Singapore Gulf Bank (SGB), the digital bank backed by Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, and privately-held investment group Whampoa Group, today announced, on the sidelines of Gateway Gulf 2024, the launch of its corporate banking services.