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Digital Banking

Amid soaring demand for online and mobile alternatives, new digital players are transforming banking for individuals and companies.

FEATURED STATISTIC

FEATURED STATISTICS

June 2019

The Monetary Authority of Singapore (MAS) first announced that it will award five digital bank licenses

21

Digital bank license applications were submitted, of which 14 were shortlisted

Dec 4, 2020

MAS awarded digital full bank licenses to Grab-Singtel consortium and Sea, as well as digital wholesale bank licenses to Ant Group and Greenland consortium

Early 2022

Estimated year that MAS expects digital banks to be operational in Singapore

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OTHER TOPICS

Singapore has undoubtedly been a bright spot for the global startup landscape in recent years, and is home to a number of unicorns.

In recent years, there has been a rise in the popularity of electric vehicles (EVs) and governments have released policies and grants aimed at boosting its adoption.

Ever since the Covid-19 pandemic hit, e-commerce has boomed in popularity, with consumers buying everything from home appliances to groceries online.

Grab is a leading “super app” in Southeast Asia.

Amid soaring demand for online and mobile alternatives, new digital players are transforming banking for individuals and companies.

Interest in cryptocurrency is at an all-time high, and Singapore has emerged as a key blockchain and crypto hub in Asia.

A look at how the Singapore government has been harnessing technology to improve lives for all.

The global pandemic has disrupted lifestyles, healthcare, workplace cultures, business operations, and more.

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

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