Staff Reporter

The figure is equivalent to 1,510,495 adults in Singapore.

A total of 2,051,387 adults is projected to be virtual bank owners in five years.

They made use of blockchain and smart contact technology to achieve this.

Central banks will prioritise financial stability in this undertaking.

Bank Rakyat was the most favourably-covered bank in the past year.

The bank expects to process over 500 sign-ups yearly.

Direct exposures to China’s property sector are less than 1% of non-bank loans. 

They spent the most amongst other markets in the Asia Pacific region.

William Pang will work with other NRCET leaders globally.

All nine additional applicants failed to submit documents.

Card users can receive up to $85 in cashback rewards per month.

This will allow sharing of customer and transaction data on money laundering cases.

It is one of the first virtual asset service providers to obtain full licensure approval.

The monetary authority also granted one to an Australian firm.

UBS recently shifted to two senior bankers and might move eight more to China.

Agility, innovation, flexibility, and fast results defined the bank’s new strategy. Citibank Asia’s director of Applications, Himanshu “HeMan” Shrivastava, acknowledged the challenges Citibank Asia faced to stay and win in the competition; and how investing in the right solutions made a huge difference.