The Monetary Authority of Singapore (MAS) was expected to announce the recipients of Singapore’s digital banking licenses by mid-2020 but due to the COVID-19 pandemic, they have extended the assessment period for approving digital bank licences. Michael Araneta, Associate Vice President, IDC Financial Insights shares with us on how the future of digital banks is going to change post COVID-19.

<p>The Monetary Authority of Singapore (MAS) was expected to announce the recipients of Singapore&rsquo;s digital banking licenses by mid-2020 but due to the COVID-19 pandemic, they have extended the assessment period for approving digital bank licences. <strong>Michael Araneta, Associate Vice President, IDC Financial Insights&nbsp;</strong>shares with us on how the future of digital banks is going to change post COVID-19.</p>

Advertisement