GRAB and Singtel's consortium is making cybersecurity a top priority for their digital bank. This comes as the new entity faces increasing expectations to prove to regulators and consumers over the next year that its cybersecurity defences are robust enough.
STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.
IFAST Corporation was not aware of the outcome of the results of the digital banking licence as at Friday afternoon, it said in an exchange filing at 3.09pm in response to a query by SGX.
SINGAPORE banks welcomed the four freshly anointed digital banks in Singapore, with a message that they are also ready for the competition.
THE digital full bank set up by the Grab-Singtel consortium will hire around 200 staff in Singapore by the end of next year to build up a robust banking infrastructure.
STANCHART Singapore on Friday night told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.
STANCHART Singapore on Friday night told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.
THE Grab-Singtel tie-up and consumer Internet company Sea bagged the two coveted digital full-bank licences up for grabs, the Monetary Authority of Singapore (MAS) announced Friday evening.
ANT Group's unit and a consortium comprising Greenland Financial Holdings Group, Linklogis Hong Kong Ltd, and Beijing Co-operative Equity Investment Fund Management, have been selected to receive the digital wholesale bank (DWB) licences in Singapore.
Skip to toolbar