digital banking licence

Quoteworthy: "I cannot allow the gains we have all made to be squandered by processes that are not followed." –— Prime Minister Jacinda Ardern of New Zealand, after a 24-day case-free streak was broken.

iFAST Corporation has confirmed that it is one of the digital bank applicants to meet the eligibility criteria to progress to the next stage of assessment.

The Monetary Authority of Singapore (MAS) has announced that 14 of the 21 digital bank applicants have met the eligibility criteria required for the application to be considered.

Shares in Sheng Siong Group have rallied more than 30% since a March 19 closing low as supermarkets become the preferred place to shop following the partial lockdown imposed by the government.

Zall has been operating Z-Bank in China since obtaining a virtual banking license in the country in 2017.

(Jan 2): Billionaire Jack Ma’s Ant Financial has applied for a digital banking licence in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

(Dec 9): The Standard Chartered group has signalled its interest in pursuing a virtual banking licence in Malaysia if the central bank issues such licences.

(Nov 19): Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking licence in Singapore, a move that would add a heavyweight contender to the race.

(Nov 11): AMTD Group is eyeing a virtual banking licence in Singapore but, before it has even put in an application, it has already established a significant physical presence in the city state.

SINGAPORE (July 8): Telecommunications giant Axiata Group is planning a bigger push into the financial services space and is interested in applying for a digital banking licence here, say industry sources.