The MAS has asked all eligible applicants to review the business plans and assumptions underpinning their financial projections, including sources of funding.
BT FILE PHOTO
THE Monetary Authority of Singapore (MAS) on Thursday said that 14 out of the 21 digital bank applications will progress to the next stage of assessment. This was after they had met the eligibility criteria.
Five of the 14 left standing are digital full bank applicants,...