Singapore’s local banking market is dominated by DBS, OCBC and UOB banks. Photo: Reuters

Singapore to invite firms to apply for digital bank licences

  • The Monetary Authority of Singapore will in August invite firms to apply for digital bank licences, ‘even if they have not yet established a track record in banking’
  • It is looking to issue two full licences to Singapore-based firms and up to three wholesale licences which will be open to both local and foreign players
Topic |   Singapore

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Singapore’s local banking market is dominated by DBS, OCBC and UOB banks. Photo: Reuters
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