Today, in Singapore, we are witnessing first-hand a major change in the financial system for South-east Asia as China's corporate dragons move quickly to rebuild the region's financial framework, without any significant participation from America's fintech unicorns.
The Monetary Authority of Singapore will make a crucial decision later this year over five digibank licences, from which the implications for the United States are enormous and potentially irrevocable.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you