The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE
Ant Group wins Singapore digital wholesale banking licence
- A consortium comprising Greenland Financial Holdings Group was also awarded a digital wholesale bank licence by the Monetary Authority of Singapore
- Both banks are expected to start operations from early 2022, MAS said
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Ant Group
The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE