Greenlink Digital Bank | Smart-towkay.com

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2. Digital Full Bank Winners Grab-Singtel consortium Tech giant Grab will hold a 60 percent stake in the consortium, while Singtel will hold the remaining 40 percent. This issuing of the license to the Grab & Singtel consortium comes as no surprise at all. Grab is already a leading player in the financial services industry in Singapore, offering not just digital wallets but they provide lending and insurance as well. With the expected mergers between Grab and Go-Jek on-going, they will capture more customer data while Singtel's telco customer base is currently unrivaled. Grab CEO and founder, Anthony Tan, said that they are honoured and excited to help build Singapore’s “next-generation digital bank” and open up “open up access to easy-to-understand and relevant financial services.”.

3. Digital Wholesale Bank Winners MAS also awarded China’s Ant Group, and a consortium comprising Greenland Financial Holdings, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management with the digital wholesale bank license. As Alibaba Group's fintech giant arm, much has been discussed about the failed ANT's IPO in Shanghai and Hong Kong at the eleventh hour for a record-breaking initial public offering. The award of the Digital Wholesale Bank license is great news for Jack Ma's ANT Group as their dominant market, China, was about to unleash a slew of new rules that would reset the fintech landscape in China which financial inclusion driven by internet platforms would take a back seat to financial stability and protecting traditional lenders.

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