Subscribe
|
|
|
|
|
|
|
News

Standard Chartered to launch a digital-only bank in Singapore

Tuesday 7 September 2021 11:19 CET | News

Standard Chartered has agreed a joint venture deal to launch a digital-only bank in Singapore with the country's National Trades Union Congress (NTUC).

A Standard Chartered vehicle will take a 60% stake in the venture, worth USD 107.28 million, with the NTUC's enterprise arm taking the remaining 40% stake.

The Standard Chartered vehicle involved in the transaction obtained a full Singaporean banking licence in December 2020.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, product launch, digital banking, banks
Categories: Banking & Fintech
Companies:
Countries: Singapore
This article is part of category

Banking & Fintech

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like