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CHINESE tech firms are edging into Singapore's banking sector, with top names throwing their bids in for digital wholesale bank licences here.

SINGAPORE'S latest contenders for a digital banking licence may have included several names that are left-of-field to banking, but diverse partnerships are needed to offer niche, untapped services in heavily-banked Singapore, said analysts.

A CONSORTIUM including Razer Fintech and Sheng Siong's founders has submitted an application for a digital full-bank licence in Singapore, focusing on the "underserved youth and millennials segment" for the bid, gaming lifestyle brand Razer Inc said in a statement on Thursday.

CHINA'S ByteDance Technology, which owns the popular video-sharing app TikTok, is said to have applied for a wholesale digital banking licence in Singapore, The Business Times understands.

CHINA'S ByteDance Technology, which owns the popular video-sharing app TikTok, is said to have applied for a wholesale digital banking licence in Singapore, BT understands.

CIMB Bank, Singapore branch, has appointed Victor Lee as its new chief executive. He takes over from Mak Lye Mun, who is retiring after 10 years in the job, the Malaysian bank said on Thursday.

A CONSORTIUM including Razer Fintech and supermarket operator Sheng Siong Holdings has submitted an application for a digital full-bank licence in Singapore, focusing on the "underserved youth and millennials segment" for the bid, gaming lifestyle brand Razer Inc said in a statement on Thursday. 

A CONSORTIUM including Razer Fintech and Sheng Siong's founders has submitted an application for a digital full-bank licence in Singapore, focusing on the "underserved youth and millennials segment" for the bid, gaming lifestyle brand Razer Inc said in a statement on Thursday. 

IT SEEMS that nobody is expecting the United States Federal Reserve and other key central banks to tighten their monetary policies in 2020. In fact, most pundits are seeing these central banks to either hold or cut their policy rates.

DBS has revised a couple of its terms for its flagship savings account - the DBS Multiplier - for the new year.