Singapura Finance, fintech MatchMove believed to have teamed up for digibank bid
Results are likely to be released by mid-2020, with the new digital banks expected to start operations by the middle of 2021
Add BT as a preferred sourceSingapore
FINANCE company Singapura Finance and homegrown digital payments startup MatchMove Pay are believed to have joined forces in hopes of landing a digital bank licence in Singapore.
Sources tell The Business Times (BT) that their bid is among the 21 digital banking contenders here, and that it is likely that they will be gunning for a full-bank licence that will allow them to collect deposits from retail customers. It is still unclear if there are more members in the consortium.
TRENDING NOW
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%
Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit
