SINGAPORE
January 02, 2020
In June 2019, the Money Authority of Singapore (MAS) has been accepting applicants for Digital Bank licenses. The Digital Bank licenses aim to encourage Singapore’s banking scene to be more resilient, competitive and vibrant.
It was announced that Razer Fintech is amongst the applicants bidding for the Digital Full Bank License to be issued by MAS. Razer Fintech’s digital bank will be the first global youth bank, namely, the Razer Youth Bank for youth and millennials. Along with the bid, V-Key was announced as one of Razer Fintech’s technology partner.
Back in 2013, V-Key secured the world’s first full-service digital bank while meeting strict regulatory guidelines and ensuring a good user experience. V-Key has since been securing other digital banks across the globe. V-Key will be bringing their expertise in enabling digital bank security for Razer Fintech.