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Digital banking licences in Singapore: MAS opens applications

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30 August 2019

The Monetary Authority of Singapore (MAS) announced on 29 August 2019 that it will begin accepting applications for new digital bank licences.

This follows from its earlier announcement on 28 June 2019 of its intention to issue up to two digital full bank licences and up to three digital wholesale bank licences.

In this update, we breakdown the key assessment criteria and summarize the application and establishment timeline.

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