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DIGITAL BANKS

Ping An's OneConnect eyes backstage role in S-E Asian digibank race

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"The digital banking space is a space that we are very interested to play in. It's just that we don't want to play in the form of owning the licence, but (via) our technology stack ... We put everything that you need to start a digital bank in a one-stop shop," Ms Tan says.

Singapore

ONECONNECT, the fintech associate of China's Ping An Group, decided not to apply for a digital banking licence in Singapore after exploring the prospects, its chief executive for Asia-Pacific and the United Arab Emirates, Tan Bin Ru, told The Business Times.

The company,...

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