Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main...
As it joins the competition to bring change to the financial space in Singapore, Chinese eCommerce firm Zall Smart Commerce Group said it is part of a consortium to apply for a digital wholesale banking license in the city-state, Bloomberg reported. Global eTrade Services, a...
Singapore FinTech startup Nium — formerly branded InstaReM — is dropping its pursuit to compete for a digital wholesale banking license in the city-state, Bloomberg reported on Tuesday (Nov. 5). The company is instead going to concentrate on its cross border business-to-business payments solution. “Singaporean...
June 15, 2020
The owner of TikTok, the Chinese video sharing social network, is reportedly expanding into financial services with the family that owns OCBC Bank, the global financial services corporation headquartered in Singapore. ByteDance is negotiating with the Lee business family as the technology group seeks to add banking to its portfolio, sources told the Financial Times […]
January 21, 2020
As it joins the competition to bring change to the financial space in Singapore, Chinese eCommerce firm Zall Smart Commerce Group said it is part of a consortium to apply...
November 05, 2019
Singapore FinTech startup Nium — formerly branded InstaReM — is dropping its pursuit to compete for a digital wholesale banking license in the city-state, Bloomberg reported on Tuesday (Nov. 5)....
