OCBC in talks with Keppel and Validus to form digital-bank consortium
Add BT as a preferred sourceSINGAPORE'S second-largest bank OCBC Bank is understood to be in firm talks with Keppel Corporation, peer-to-peer lender Validus Capital, and Vertex Ventures, to form a digital-bank consortium.
The partners are in talks to apply for a digital wholesale banking licence.
In a statement, a Keppel spokesperson told The Business Times: "We are always exploring opportunities and will make an announcement if there are any material developments." OCBC and Validus Capital declined to comment.
TRENDING NOW
Singapore developer in limbo after Timor-Leste’s shock scrapping of major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
US-China summit: Trump sees ‘better’ ties, Xi warns over Taiwan, as talks conclude
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
