virtual banking licenses

Global Economy


SINGAPORE (Aug 26): “This is a trade war that should have taken place a long time ago. Somebody had to do it. I am the chosen one.” — US President Donald Trump on the ongoing trade war with China.


OCBC in talks with Singtel about virtual bank licence, say sources

SINGAPORE (Aug 21): Oversea-Chinese Banking Corp (OCBC) is in talks with companies including Singapore Telecommunications about seeking one of the city-state's planned virtual bank licenses, according to people familiar with the matter.


Singapore may allow virtual banks after Hong Kong move, DBS says

(May 6): Singapore could follow Hong Kong in handing out virtual banking licenses, according to the head of the largest local lender, in a move that would create another source of competition for the city state’s established banks.