digital bank licenses

Global review

Digital banking licences to pave the way for transformation

Having digital banking licenses in the near future is the latest signal in an industry primed for change

Global Economy


SINGAPORE (Dec 2): "Democracy is alive and well" — Ronny Tong, pro-Beijing member of Hong Kong’s Executive Council, following the landslide victory of pro-democracy candidates at the recent local elections

Disruption and Digitalisation

OCBC is ready for Chinese digital banking invasion, CEO says

SINGAPORE (Nov 26): Oversea-Chinese Banking Corp. is well placed to take on Chinese technology giants that are looking to join Singapore’s digital banking market, its top executive said.

Disruption and Digitalisation

Massage chair tycoon seeks Singapore bank license with partners

SINGAPORE (Nov 14): Ron Sim, founder of one of Asia’s largest massage chair makers, is in talks to partner with a unit of Temasek Holdings and other firms to bid for one of Singapore’s new virtual banking licenses, according to people familiar with th

Banking & finance

New digital bank models to lower compliance and other costs as local banks extend lead

(Sept 23): Earlier this year, DBS Group Holdings received a thank-you note from a digibank customer in India. A self-employed customer was looking for financial aid towards the end of the Muslim holy month of Ramadan. “My children wanted new clothes for

Investing ideas

Can Singapore banks fend off new challengers as city-state grants digital bank licences?

SINGAPORE (July 4): DBS Group Holdings (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have enjoyed a decades-long dominance of the banking market in Singapore.