Ant, Grab Win Singapore Digital Bank Licenses Along With Sea (bloomberg.com) 15
Ant Group and a venture led by Grab won licenses to run digital banks in Singapore, paving the way for the technology giants to expand their financial services in the Southeast Asian hub. From a report: Sea is also among the four winners announced Friday by the Monetary Authority of Singapore after almost a year of deliberation. A consortium involving China's Greenland Financial is the other successful candidate. Singapore joins the U.K. and Hong Kong in opening up its banking system to purely digital entrants, as it seeks to inject innovation and competition into a market dominated by traditional lenders. The permits are coveted given the city's status as a rapidly growing wealth management center and a gateway to Southeast Asia, where the digital lending market is expected to quadruple in five years.
When companies use common names.. (Score:3)
Oh wait, I forgot where I was. Carry on!
-I though an ant grabbed something by the sea.
Re: When companies use common names.. (Score:2)
- We should imply that that was the case, and only discuss that in the comments? Would be less of a waste of time than the actual topic. Who's with me?
Re: (Score:2)
The fact that english titles capitalize every damn word makes it even harder to comprehend.
Re: (Score:2)
Interior crocodile alligator, I drive a chevrolet movie theater.
Re: When companies use common names.. (Score:2)
Has Anyone Really Been Far Even as Decided to Use Even Go Want to do Look More Like?
And: How is alligator formed? How accidentially the whole theater?
Error: Cannot parse TFH. (Score:2)
Are you sure this is English?
Re: (Score:2)
Are you sure this is English?
Yes, it was a randomly assembled collection of words from the English language.
Re: (Score:2)
Are you sure this is English?
Yes, it was a randomly assembled collection of words from the English language.
So now I've read the article, and I don't understand why this is even news. This seems like maybe you'd care if you lived in Singapore, but otherwise it seems quite odd to report every time a new bank is established.
Re: Error: Cannot parse TFH. (Score:2)
It makes sense if you know that BizX, the owner of this zombie site, thinks of itself as a bank-like digital currency services provider for businesses.
Hence all the Bitcoin stories too.
Re: Error: Cannot parse TFH. (Score:2)
No, for it to be English, the grammar needs to be English too.
Huh? (Score:2)
What is this? A bank for ANTS?!
Re: (Score:2)
Beautiful corals, those digital (finger) corals! (Score:2)
They form lovely reef banks.
I get that the sea is grabbing at them, winning in the long run, but we must stop this ant infestation from doing the same!
Random word generator? (Score:2)
Did anybody else think they were just reading random words in the headline? I had no idea what the hell this headline was suppose to mean.
"Car, flower hit jackpot analog style and river" makes about the same sense as this headline.
Maven (Score:2)
Maven is way better than ant.