Singapore digital banks

Citi high-flyer to steer Grab on its digital bank path

FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity bidding for a digital full bank in Singapore, BT understands.

Sea's digital banking move offers edge over Grab-led bid: report

GIVEN the snug fit between e-commerce and digital banking, shopping platform Shopee's parent Sea Ltd may offer an edge over the Grab-Singtel consortium, with a fresh S&P report seeing these...

Grab ventures into retail wealth management with Bento buy

TAKING a clear step towards offering wealth management for the masses, digital bank contender Grab has acquired Singapore-based robo-advisory startup Bento for an undisclosed sum.

Ping An's OneConnect eyes backstage role in S-E Asian digibank race

ONECONNECT, the fintech associate of China's Ping An Group, decided not to apply for a digital banking licence in Singapore after exploring the prospects, its chief executive for Asia-Pacific and...

Enigma Group leads consortium for digital full bank licence

A CONSORTIUM led by the Singapore-headquartered Enigma Group has applied for a digital full bank licence in the Republic, with an eye on serving underbanked small-and-medium-sized enterprises (...

Finance companies to crank up game as digibanks target SME turf

HAVING enjoyed some lift in their business following relaxed financing rules in 2017, finance companies may have to brace for a tougher fight defending their turf in their core small and medium-...

Singapore's digibank experiment is right balance of innovation and prudence

THE buzz behind digital banking in Singapore speaks to the belief that small-and-medium-sized enterprises (SMEs) here and in the region can be better served by technology and the use of...

China digibank players are old hands in search of fresh pastures

THE influx of Chinese players coming in to compete in the wholesale banking space is no surprise, given China's headstart in the digital banking scene, and the fact that many of them are looking...

Contenders we know so far in Singapore's digibank race

THE Monetary Authority of Singapore (MAS) on Tuesday said it has received a total of...

AMTD-led consortium confirms digibank wholesale application in Singapore

THE consortium comprising AMTD Group, SP Group, Xiaomi Finance and Funding Societies, on Tuesday announced that it has applied for a digital wholesale banking licence in Singapore.

21 Singapore digibank applicants, two-thirds for wholesale licence: MAS

A TOTAL of 21 digital bank applications were received by the Monetary Authority of Singapore (MAS), the regulator said on Tuesday.