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14 out of 21 digital bank applications meet eligibility criteria: MAS

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…

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