- 4 July 2019
- banking|digital|Financial Inclusion|Singapore SME|sme lending
e27: These tech companies are eyeing for Singapore’s digital banking license
As published on e27:
On Friday, June 28, Monetary Authority of Singapore (MAS) Chairman Tharman Shanmugaratnam announced that the government is set to issue up to five digital banking licenses to provide an opportunity for non-bank finance industry players to enter the banking scene, which is currently dominated by traditional banking institutions.