Lim Chung Chun, iFast chairman and chief executive, said a digital banking licence will allow the company to bring solutions to the small and medium-sized enterprises market that has been underserved by banks.
A digital wholesale bank licence will allow the successful licensee to serve SMEs and other non-retail segments. This is unlike digital full bank licences which will allow the licensee to take deposits from retail customers and provide a wide range of financial services.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: