- 16 July 2019
- banking|digital|Financial Inclusion|Singapore SME|sme lending
Customer Onboarding and MAS Digital Banking Licences
As published on e27:
The announcement from MAS that non-banking fintechs will be eligible to create banks in the digital format, and provide services without any physical branches whatsoever can be considered as the biggest headliner in the financial news of Singapore in July. Altogether, MAS is planning on issuing 5 digital banking licenses in the nearest future.