A The Monetary Authority of Singapore recently announced that up to five new digital bank licences will be issued, signalling a new phase of banking liberalisation.

This will impact individuals, as well as enterprises, that have traditionally been excluded by banks due to their risk profile.

Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST’s best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content