Report: Fintech Ping An May Pursue Singapore Digital Bank License After Receipt of Hong Kong Virtual Bank Approval
Late last month, the Monetary Authority of Singapore (MAS) announced it has begun accepting applications for digital bank licenses. The new banking licenses are only for aspiring non-bank Fintechs. MAS leadership explained that virtual banks will help assure the banking sector remains resilient and competitive… Read More
Read more in: Uncategorized, Asia, Fintech, Global | Tagged banking, china, digital bank, hong kong, ping an, singapore