SINGAPORE: Singapore has shortlisted 14 applicants, which sources say include Internet firm Sea and a joint venture of ride-hailer Grab and Singtel, for up to five digital bank licences in the city-state’s biggest banking liberalisation in two decades.
The Monetary Authority of Singapore (MAS) said yesterday the shortlist, out of the 21 applications received, comprises five digital retail bank applicants and nine wholesale who will now move to the next round of the selection process.
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