January 7, 2020 / 12:42 AM / a month ago

Singapore says receives 21 applications for digital bank licences

SINGAPORE, Jan 7 (Reuters) - Singapore has received 21 applications for digital bank licences, comprising 7 applications for retail licences and the balance for wholesale bank licences, the central bank said in a statement on Tuesday.

Singapore’s biggest liberalisation of its banking sector in two decades seeks to enable online-only banks that can operate at lower costs and offer services that differ from incumbents including DBS Group and OCBC. (Reporting by Anshuman Daga Editing by Shri Navaratnam)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below