Wednesday, 22 September 2021

Grab-Singtel, SEA Group, ANT and Chinese consortium win new digital bank licences in Singapore

5 min read

By Foo Boon Ping

After a COVID-19 led delay, the Monetary Authority of Singapore finally announced the winners of four of five digital banking licences that it planned to issue, with some notable contenders missing out.

 



Keywords: Digital Bank Licences, Digital Full Bank (dfb), Digital Wholesale Bank (dwb), E-Commerce, Retail Banking, Wealth Management, Neobank, Virtual Banks
Institution: Monetary Authority Of Singapore (MAS), Grab, Singtel, Sea Group, Garena, Portal, Shopee, SeaMoney, Alibaba, ANT Group, Greenland Financial Holdings Group, Linklogis Hong Kong, Beijing Co-operative Equity Investment Fund Management, Citigroup,  Razer Fintech, Razer,  Sheng Siong Holdings, FWD, LinkSure Global, Insignia Ventures Standard Chartered Bank, NTUC, Phoenix, MOX,  Razer Youth Bank, Franklin Templeton, Visa, Hong Kong Monetary Authority (HKMA), ZA Bank, Airstar Bank, Ant Bank, WeLab Bank, Fusion Bank
Guest: Ravi Menon, Charles Wong, Anthony Tan, Yuen Kuan Moon, Lee Li Meng
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