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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. billion in capital on hand, and be governed by Singapore leadership.

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Anglo-Gulf Trade Bank Gets First Digital Banking License From Abu Dhabi Global Market

PYMNTS

Anglo-Gulf Trade Bank (AGTB) was awarded the first digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), Islamic Business & Finance reported on Wednesday (Sept.

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The Race For Singapore’s Digital Banking Licenses

PYMNTS

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

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Procurement, Digital Banking See VC Funding Rounds

PYMNTS

Venture capital funding rounds this week showed some concentration on the continent, with several announcements tied to Europe. Additional participation came from ERA, 645 Ventures, Stage 2 Capital and Green Visor Capital. million USD) in a Series B funding round, led by NGP Capital and ETF Partners. Starling Bank.

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Grab, Razer, AirAsia, Others Ponder Malaysia Banking Application

PYMNTS

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.

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Southeast Asia B2B FinTech Keeps VC Wheels Turning

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With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. Cross River Bank.

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STC Pay, Moven Team Up To Launch Saudi Challenger Bank

PYMNTS

STC Pay, a digital wallet that is part of the Saudi Telecom Company, has teamed up with payments company Moven Enterprise to launch a new challenger bank in the country, according to reports. Almoayed has helped Moven to deal with rules and regulations for banks in the area.

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