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Grab, Sea And Ant Chosen To Receive Digital Banking Licenses In Singapore 

PYMNTS

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. and a consortium of Southeast Asia’s Grab Holdings and technology group Singtel. and Beijing Co-operative Equity Investment Fund Management Co. Wong said in the Friday (Dec.

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Grab Financial Group Raises $300 Million For Expanded Finance Solutions

PYMNTS

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

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Singapore Says They’ll Award Digital Banking Licenses By Year's End

PYMNTS

Singapore's financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China and the U.S. The digital banking licenses are highly coveted due to Singapore's status as a financial regulatory hub.

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Western Union Teams With Isabel Group To Offer Payments In Belgium

PYMNTS

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release.

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BankMobile Is One Of Six New FIs To Offer Smart Digital Bank Accounts Via Google Pay

PYMNTS

BankMobile, BBVA USA, BMO Harris, The Coastal Community Bank, First Independence Bank (a federally designated minority depository institution) and SEFCU will join Citi and Stanford Federal Credit Union in the offering beginning next year. “We 3) in announcing the bank’s agreement with Google. .

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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO

PYMNTS

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The Hong Kong Monetary Authority (HKMA) approved Ant Bank’s application for a virtual banking license. It was one of eight such recipients, the report stated.

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Things worth reading: 3rd August 2020

Chris Skinner

Things we’re reading today include … Bakery manager sacked for using own bank card to help elderly customers blocked from paying with cash Lloyds bank manager ‘sacked for helping customer open mail’ Monzo’s losses double as popular UK digital bank warns of pandemic uncertainty Canary Wharf Group recalls staff to … The (..)