Singapore’s central bank on Friday said it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market dominated by local banks.“The new digital bank licences mark the next chapter in Singapore’s banking liberalisation journey,” said Tharman Shanmugaratnam, senior minister and chairman of the Monetary Authority of Singapore (MAS).“We welcome firms with innovative value propositions to apply for the digital…
We understand Legal Issues in Asia