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
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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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