Surprise partnerships can create new niche banking services
But diverse groups could find it tricky to provide digital banking services as an entity
Singapore
SINGAPORE'S latest contenders for a digital banking licence may have included several names that are left-of-field to banking, but diverse partnerships are needed to offer niche, untapped services in heavily-banked Singapore, said analysts.
This comes as a consortium that includes Razer Fintech and a private vehicle of the founders of supermarket chain Sheng Siong Group on Thursday said it has applied for a digital full bank licence.
On Monday this week, Gr…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
US seeks 36 months’ jail for Binance founder Zhao
Hot stock: Keppel falls as much as 3.8% as Q1 performance disappoints
JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements