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MAS says it received 21 applications for digital bank licences, but only 5 can be given out

There were 7 digital full bank licence applications, and 14 applications for digital wholesale bank licences.

The biggest consortium to apply for a digital banking licence so far includes EZ-Link, V3 Group, Singapore Business Federation and more

The consortium is focused on serving SMEs in Singapore, which employs close to 70 per cent of Singapore's workforce.

Grab and Singtel have jointly applied for a digital bank licence in Singapore

We'll know by the middle of the year if we're getting a Grab-Singtel digital bank.

Singapore launches new framework for data protection officers to improve data security in Singapore

Singapore wants to set global standards for data protection and data innovation training.