All posts tagged "Digital Banks"
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589Capital RegulationSea and Grab-Singtel “Leading Singapore Digital Bank Race”
S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore.
February 12, 2020 -
411MalaysiaGrab, Razer Considering Malaysia Digital Bank Licences – Report
CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.
January 24, 2020 -
462ChinaChina to Introduce New Rules for Online-only Banks – Report
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020 -
522Asia-PacificThailand Developing Foundation for Digital Banking – Report
The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.
January 14, 2020 -
805Contributed ArticleMalaysia Joins Digital Banking Revolution with Exposure Draft
Herbert Smith Freehills breaks down Malaysia's new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.
January 14, 2020 -
1.2KMarket InfrastructureUPDATED – 21 Digital Bank Licence Applications Received: MAS
MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.
January 7, 2020 -
2.3KMarket InfrastructureUPDATED – Sixteen Known Applicants for Singapore Digital Bank Licences
Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.
January 6, 2020 -
342Market Infrastructure
Grab, SingTel Team Up to Apply for Singapore Digital Bank Licence
Grab and Singtel will respectively hold a 60% and 40% stake in the new consortium entity, which will seek to serve both retail consumers and SMEs.
December 30, 2019 -
628Malaysia
Malaysia Issues Draft Licensing Framework for Digital Banks
Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.
December 28, 2019 -
742Market InfrastructureTaiwan FSC Outlines Bank Examination Priorities for 2020
The FSC's Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.
December 26, 2019
