Singapore chosen by Bank for International Settlements for innovation hub centre

qiannow/ July 2, 2019

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 to issue up to 5 licences to digital banks in liberalisation push

qiannow/ July 2, 2019

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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