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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.
We'll know by the middle of the year if we're getting a Grab-Singtel digital bank.
Singapore wants to set global standards for data protection and data innovation training.