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Covid-19 widens field for new digital banks as inclusion gap narrows

MAS sticks to plans of up to five digital banks in Singapore; keeps path to profitability timeline intact

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MAS is sticking to its planned number of digital bank licences that it will issue, with the regulator "impressed" by the quality of applications that have been reviewed, said its top official.

Singapore

THE Monetary Authority of Singapore (MAS) is sticking to its planned number of digital bank licences that it...

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