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Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe

Forrester IT

In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].

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Banking Up For Grab In Singapore

Forrester IT

Following in Hong Kong’s footsteps, Singapore’s regulator – Monetary Authority of Singapore (MAS) – has confirmed that it is currently studying the possibility of issuing digital-only banking licenses to organizations with a “non-bank” parentage, which was first reported on May 7th, 2019 by various news outlets.

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Virtual banks in Hong Kong set to rekindle the retail banking experience

Forrester IT

(Co-authored with Nancy Lin, Senior Associate) The Hong Kong Monetary Authority (HKMA) recently announced 8 new virtual banking licenses in the market and their operators will all launch new digital-only banks there before or in early 2020.

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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7

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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. They also note that Jean Chalopin, who is the head of Moonstone’s parent company FBH, is also the chair of Bahamas-based Deltec Bank. Elizabeth Warren (D-Mass.)

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Pursuing A New Future of Innovation Through Digital Banking Strategy

CIO Business Intelligence

How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6

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