Monetary Authority of Singapore (MAS) recently announced that they are opening applications for five new digital bank licences. The digital bank licences will allow entities, including non-bank players, to conduct digital banking businesses in Singapore. Brendan Carney,CEO, Citibank Singapore & Global Consumer Banking ASEAN Cluster Head and and Lim Chung Chun, CEO, iFast talks about the pros and cons to being a traditional bank and a digibank. 

Monetary Authority of Singapore (MAS) recently announced that they are opening applications for five new digital bank licences. The digital bank licences will allow entities, including non-bank players, to conduct digital banking businesses in Singapore. Brendan Carney, CEO, Citibank Singapore &amp; Global Consumer Banking ASEAN Cluster Head and and Lim Chung Chun, CEO, iFast talks about the pros and cons to being a traditional bank and a digibank.&nbsp;

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