Yillion Group operates one of the four digital banks in China and has Hong Kong-listed Meituan Dianping as one of its key shareholders. Hande Group, on the other hand, is described by iFast as leading fintech company in China, founded by Dr Cao Tong, the former president of Webank, China’s first digital bank.
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 end of last year.
