digital bank licences

SINGAPORE (Dec 31): The large number of Singaporeans still without good access to financial services will be key to creating a successful digital bank in the country, according to executives from Grab Holdings Inc. and Singapore Telecommunications Ltd.

SINGAPORE (Dec 30): Ride-hailing firm Grab Holdings and Singapore’s largest telco Singtel are forming a consortium to apply for a digital full bank licence in Singapore, reported the companies on Monday. 

(Dec 18): Grab Holdings and gaming company Razer will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore’s coveted virtual banking licenses.

SINGAPORE (Dec 3): 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 licenses, sources said. 

SINGAPORE (Sept 2): The Monetary Authority of Singapore (MAS) announced on Aug 29 that it will begin accepting applications for new digital bank licences — two digital full bank (DFB) and three digital wholesale bank (DWB) licences.

SINGAPORE (Aug 12): On June 28, the Monetary Authority of Singapore (MAS) announced that it would issue five new digital bank licences: two digital full-bank licences and three digital wholesale bank licences. Following the announcement, InstaReM, iFAST C

SINGAPORE (June 28): Singapore's central bank said on Friday it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market dominated by local banks.