Singapore welcomes four digital banks with Grab-Singtel, Sea capturing coveted full banking licenses, Banking and Finance

[ad_1] Friday, December 4, 2020 – 7:28 pm The Grab-Singtel alliance and consumer internet company Sea took the two coveted full digital banking licenses at stake, the Monetary Authority of Singapore (MAS) announced late Friday. They were among the four digital banking licenses granted by MAS, emerging victorious from a …

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Singapore Grants Full Digital Banking Licenses to Grab-Singtel and Sea; Jack Ma’s Ant Obtains Digital Wholesale Bank License, Banking News & Featured Stories

[ad_1] SINGAPORE – The Monetary Authority of Singapore (MAS) granted full digital banking licenses to the Grab-Singtel consortium and tech giant Sea on Friday (December 4), a first for the city-state and a long-awaited measure aimed at liberalizing the financial industry. Like traditional banks, these players will provide retail clients …

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