digital banking licence

Company in the news

Digital bank hopeful iFast posts record 2Q2020 on trading fees jump

Singapore-listed financial services firm iFast Corp has reported record quarterly earnings for 2Q2020, as it collected higher recurring fees from a bigger pool of assets under admi

Broker's Calls

iFAST Corp posts record earnings of $4.53 mil, results 'above expectations': DBS

Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report.

Global Economy


Quoteworthy: "I cannot allow the gains we have all made to be squandered by processes that are not followed." –— Prime Minister Jacinda Ardern of New Zealand, after a 24-day case-f

Disruption and Digitalisation

iFAST one of digital bank license applicants to progress to next stage of assessment

SINGAPORE (June 18): Internet-based investment products distribution platform iFAST Corporation has confirmed that it is one of the digital bank applicants to meet the eligibility criteria to progr

Disruption and Digitalisation

14 digital bank applicants eligible for next stage of assessment, says MAS

SINGAPORE (June 18): The Monetary Authority of Singapore (MAS) has announced that 14 of the 21 digital bank applicants have met the eligibility criteria required for the application to be considere


Pig farmer's sons become billionaire grocers in pandemic's wake

SINGAPORE (Apr 16): Lim Hock Chee and his wife used to sell chilled pork at a rented stall in a grocery store.

Disruption and Digitalisation

Zall Smart Commerce joins Singapore digital bank licence race

(Jan 21): Zall Smart Commerce Group, a Chinese business-to-business e-commerce company, said it’s part of a group applying for a digital wholesale banking licence in Singapore, joining the race to

Disruption and Digitalisation

Jack Ma's Ant Financial joins race for Singapore digital banking licence

(Jan 2): Billionaire Jack Ma’s Ant Financial has applied for a digital banking licence in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.

Company in the news

StanChart keen on virtual banking licences across its markets

(Dec 9): The Standard Chartered group has signalled its interest in pursuing a virtual banking licence in Malaysia if the central bank issues such licences.


Ant may join race for Singapore virtual bank licences

(Nov 19): Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking licence in Singapore, a move that would add a heavyweight contender to the race.

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