Singapore has been a consistent recipient of Chinese investment for some time, and its geostrategic position as the heart of the ASEAN free trade bloc has made it a hub for many Chinese investors.
Britain and China s Trade & Investment Competition In Singapore silkroadbriefing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from silkroadbriefing.com Daily Mail and Mail on Sunday newspapers.
On 28 June 2019, the Monetary Authority of Singapore ("MAS") announced that it will issue up to five digital banking licenses (1). This was a revolutionary move by the MAS as digital bank licenses.
Singapore s Incumbent Banks: How Are They Stepping Up Their Digital Game? fintechnews.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fintechnews.sg Daily Mail and Mail on Sunday newspapers.
Fitch Ratings cites the recent acquisition of Indonesia’s Bank Kesejahteraan Ekonomi (BKE) by Singapore tech startup Sea Ltd as well as Indonesian ride-hailing and food delivery company Gojek increasing its stake in Indonesian Bank Jago last month, as strategies of tech firms which want a slice of the Asean financial services market.
A TREND is fast gaining traction in the Asean banking space where small banks are being snapped up by technology companies for entry into an otherwise highly regulated market.
This week, Fitch Ratings wrote and posted an article on its website stating that recent acquisitions of small banks in Indonesia by tech firms have highlighted the potential for fintech entrants to shake up the competitive landscape for banking in Asean in time to come.