Validus to apply for Singapore digital-banking licence
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SINGAPORE'S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new space.
Validus, which is backed by Temasek Holdings' Vertex Ventures, told The Business Times on Wednesday that it will apply for a licence once applications are open by the Monetary Authority of Singapore (MAS) in August.
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