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In late June, the Monetary Authority of Singapore MAS sent a ripple through the global financial services ecosystem with the announcement of its intention <a href=https://www.cup-stanley-cup.ca>stanley canada</a> to issue five digital bank licenses to eligible applicants. The new digital bank licenses mark the next chapter in Singapores banking liberalization journey, said Tharman Shanmugaratnam, senior minister and chairman of MAS. We welcome firms with innovative value propositions to apply for the digital bank licenses, even if they have not yet established a track record in banking, The move was widely considered the <a href=https://www.stanley-germany.de>stanley germany</a> biggest shake-up in Singapores financial services market in two decades, during which time the landscape has been mostly controlled by the nations large traditional banks: DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd.According to Shanmugaratnam, the rapid advance of digitization throughout all elements of the Singaporean and the global economy has required a fundamental re-think of the role of banks, in most advanced financial centers. The move follows Hong Kongs early 2019 decision to issue digital banking licenses as the two economies are strong competitors in the region.As part of that rethinking, but with an eye toward not overly fragmenting Singapores small domestic retail banking market 鈥?the issuance of digital banking licenses will start small. Only two of the licenses will full digital banking licenses, <a href=https://www.stanleycups.pl>stanley termos</a> while the other three will be wholesale banking licenses. Who Knny Jessica Alba s Honest Company Faces A Down Round
Whether it a case of unintended consequences, or just a sign of the changing times, the Uber and Lyft on-demand ride-hailing revolution has claimed one of its first major victims.Sure, it not the first company to suffer...

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