digital wholesale bank (DWB)

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MAS sets high bar for digital bank applicants

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.

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Can Singapore banks fend off new challengers as city-state grants digital bank licences?

SINGAPORE (July 4): DBS Group Holdings (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have enjoyed a decades-long dominance of the banking market in Singapore.
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