digital full bank (DFB)

Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign - THE EDGE SINGAPORE

Singapore news

Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign

Quoteworthy: "Singapore is very fortunate to have two of the best people I know running for President." - Ray Dalio.

Banking & finance

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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