Economic

StanChart Singapore mulls digital-only bank under ‘rooted foreign bank’ framework

stanchart-singapore-mulls-digital-only-bank-under-‘rooted-foreign-bank’-framework

Sat, Dec 05, 2020 – 5:50 AM

Singapore

STANCHART Singapore on Friday told The Business Times it is exploring an additional banking licence under the Significantly Rooted Foreign Bank (SRFB) framework in Singapore.

In doing so, it would build something similar to its digital banking outfit, MOX, in Hong Kong,…

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