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2023 - The Year of GLOCAL Banking

Updated: Jan 24, 2023

The Monetary Authority of Singapore unveiled plans this year to grant as many as five virtual bank licenses to boost competition and innovation. Of these, two will be full bank licenses and three wholesale licenses limited to serving corporate clients only -- the first category requires capital of S$1.5 billion ($1.1 billion), the second S$100 million. #monetary #virtualbank #privatebanking#mobilebanking #licenses #grant #billion #boost #digitaltransformations#digitaldisruption #digitalbanking #innovationsmanagement


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