The Monetary Authority of Singapore (MAS) announced today that 14 of the 21 digital bank applications have met the eligibility criteria. These eligible applicants — five digital full bank (DFB) applicants and nine digital wholesale bank (DWB) applicants — will progress to the next stage of assessment. Last July, MAS articulated its intention to issue up to five digital banking…
14 out of 21 digital bank applications meet eligibility criteria: MAS
