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StanChart keeping option open on Singapore digital bank licence
Bank says it will tap its experience with partners in HK and Taiwan if it enters digital banking market here
Published Thu, Sep 5, 2019 · 09:50 PM
Singapore
STANDARD Chartered Bank - one of the four foreign banks with a significant retail presence in Singapore - has left the door open on whether it would apply for the digital banking licence in Singapore, its second-largest market after Hong Kong.
If it does take the plunge, it would take a page out of its playbook in Hong Kong, where it joined hands with non-banking partners to target the millennial market, and defend its standing as an incumbent by taking on a new digital skin.
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