Monetary Authority of Singapore opens digital banks application process

Monetary Authority of Singapore opens digital banks application process

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. REUTERS/Edgar Su/Files

A handful of fintech companies in Singapore may soon turn into digital banks as the city-state kicks off an application process wherein five new digital bank licences will be doled out.

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