SINGAPORE – The Bank for International Settlements (BIS), dubbed the central bank for the world’s central banks, will establish an innovation hub centre in Singapore in a move that Singapore’s central bank said reflects the Republic’s position as a leading international fintech centre. BIS’ Innovation Hub will span multiple locations. It will first set up centres in Basel, Switzerland, and Hong Kong,

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SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years. The maximum of five new digital-bank licences to be issued in time will comprise up to two digital full-bank licences, and up to three digital wholesale bank licences. They must

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