Singapore digibank hopefuls staying the course amid pandemic
Seven applicants are vying for digital full bank licences, 14 for digital wholesale bank licences
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Tay Peck Gek
Singapore
DESPITE the unknown stresses thrown up by the novel coronavirus pandemic, all 21 digital banking contenders in Singapore have stayed the course. The Business Times understands that no names have withdrawn from the race.
In response to queries on whether the pandemic has changed the way the applicants are assessed on their finances, the Monetary Authority of Singapore (MAS) told BT that the applicants' financial strength remains one of the priorities.
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