Companies go 'speed dating' in race for Singapore digital bank licences - sources

Published: 3/12/2019
Companies go 'speed dating' in race for Singapore digital bank licences - sources
Source: NEWS.YAHOO.COM

About three dozen firms including ride-hailer Grab, Standard Chartered and Singapore Telecommunications are in talks to form consortiums that can meet tough entry norms to bid for Singapore's digital bank licences, sources said. Singapore's biggest liberalisation of its banking sector in two decades seeks to enable online-only banks that can operate at lower costs and therefore offer different s

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