The Business Times
SUBSCRIBERS

StanChart Singapore mulls digital-only bank under 'rooted foreign bank' framework

Published Fri, Dec 4, 2020 · 09:50 PM

Singapore

STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.

In doing so, it would build something similar to its digital banking outfit, MOX, in Hong Kong, it said.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here