In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking...
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. “The new digital bank licenses mark the next chapter in Singapore’s banking liberalization journey,” said Tharman Shanmugaratnam, senior minister and chairman of […]
January 06, 2020
Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. Beyond Consortium, which is led by V3 Group and EZ-Link and includes Far East Organisation, Mitsui Sumitomo Insurance, Heliconia Capital and the Singapore Business Federation, will be competing with a handful of other […]
