The Business Times
business-time-50

Validus to apply for Singapore digital-banking licence

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jul 3, 2019 · 09:50 PM

    Singapore

    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.

    Vertex Ventures

    TRENDING NOW

    The proposed transaction also involves the sale of associated trademarks across Singapore, Malaysia and Myanmar.

    Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    JC&C has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia.

    Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine

    Genting attributed the higher quarterly revenue to its plantation business, as well as leisure and hospitality operations in Singapore and Malaysia.

    Malaysia’s Genting posts Q2 net loss despite 14% rise in revenue

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More