The platform, called Cosmic, is meant to make it easier for financial institutions to share information on risky clients, and detect and deter scams, money laundering and terrorism financing.
Dewey Sim is a reporter for the Asia Desk, covering Singapore politics, economy, diplomacy as well as Sino-Singapore ties. Dewey graduated from the Wee Kim Wee School of Communication and Information. He began contributing to the Post in 2019, before joining the staff in August 2019.
A wave of new virtual banks backed by the likes of tech giant Grab and legacy lender Standard Chartered are launching in the city state. But will they be able to carve out their own niche in such a saturated market?