Singapore to have 4 digital banks, with Grab-Singtel and Sea getting digital full bank licences
SATURDAY, DECEMBER 05, 2020
SINGAPORE - The Monetary Authority of Singapore (MAS) said on Friday (Dec 4) it will award digital full bank licences to the Grab-Singtel consortium and tech giant Sea, in a first for the city-state and a highly anticipated move that aims to liberalise the financial industry.
LINE BIZ+ Taiwan is planning a third-party allocation of new shares underwritten by Taipei Fubon Bank and Union Bank of Taiwan, amid reports that the subsidiary of the creator of the Line freeware app aims to create a partnership with local lenders to create Taiwan’s first digital bank.