OCBC in talks with Keppel and Validus to form digital-bank consortium

SINGAPORE'S second-largest bank OCBC Bank is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.

The partners are in talks to apply for a digital wholesale banking licence.

In a statement, a Keppel spokesperson told The Business Times: "We are always exploring opportunities and will make an announcement if there are any material developments." OCBC and Validus Capital declined to comment.