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.
THE Grab-Singtel consortium and a wholly-owned entity from Sea Ltd have been selected to receive the digital full bank licences (DFBs) in Singapore, with the Monetary Authority of Singapore (MAS) saying the pair selected were "clearly stronger" than the rest of the pack.
IFAST Corporation is not aware of the outcome of the results of the digital banking licence at this point in time, it said in an exchange filing on Friday afternoon, in response to a query by SGX.
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