PYMNTS
FEBRUARY 23, 2020
JPMorgan Chase is taking steps to open a digital bank in the U.K. The banking firm has been talking with London regulators about the idea, according to The Financial Times on Saturday (Feb. The operation will likely include savings and lending products, and it comes just two years after U.S. by the end of the year.
PYMNTS
JANUARY 6, 2020
Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. The businesses in Beyond Consortium represent a variety of business types including real estate, construction, mass transport, insurance and retail.
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PYMNTS
SEPTEMBER 11, 2019
The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.
PYMNTS
DECEMBER 30, 2019
Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. The bank will be able to serve retail customers, lend money and take deposits, along with other online banking functions.
PYMNTS
JANUARY 7, 2020
Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Their holders can take deposits from retail customers, but must have $1.5 Their holders can take deposits from retail customers, but must have $1.5 Other companies include Razer, Grab Holdings and Ant Financial.
PYMNTS
AUGUST 28, 2020
Here’s how he sees the digital-first restaurant landscape shaking out. New Report: Helping Retail Treasurers Navigate The Digital D2C Shift (“How To” Playbook). Not only have retail sales shifted online, but more consumers are buying more of what they want directly from the brand. Trackers and Reports.
PYMNTS
JANUARY 3, 2020
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. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.
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