Search
Singapore Takes a Closer Look at Virtual Banking Licenses
May 10, 2019
Singapore, a leading fintech hub in Asia, is looking to further consolidate its position with the help of virtual banking licenses.
The Monetary Authority of Singapore (MAS) is exploring and analysing whether it should let fintech companies operate with the help of virtual banking license and how best to manage and contain potential risks. Banks operating in Singapore have subsidiaries that follow a digital-only business model by using their existing licenses. However, the same is not true for digital-only banks and lenders in Singapore. Also, virtual banking license would allow them to operate like their brick-and-mortar competitors.
Important Links:
- MBA from UK University: https://ask.careers/courses/mba-from-uk-university/
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- Post Graduate Diploma in Banking & Finance: https://ask.careers/courses/post-graduate-diploma-in-banking-finance/
- Mumbai: https://ask.careers/cities/mumbai/
- Ahmedabad: https://ask.careers/cities/ahmedabad/
- TSCFM: https://ask.careers/institutes/tscfm/
