Daily Briefing: CrimsonLogic unit eyes digital bank licence; Malaysia mulls social security for workers in Singapore

And digital wealth management startup Kristal.AI raises $8m in its series A funding round.

From Bloomberg:

A business unit of digital government solutions CrimsonLogic has been revealed to be part of a group applying for a digital wholesale banking license in Singapore, joining the race to shake up the city-state’s financial industry.

Other consortium partners are Chinese business-to-business e-commerce company, Zall Smart Commerce (Zall), and Japanese trading company Marubeni Corp., said in an emailed statement. The group aims to contribute to Singapore’s development as a global financial hub for trading activities, it said.

The group is led by Zall, and is the latest applicant to announce bids for a digital wholesale banking license.

A total of 14 groups made bids for digital wholesale permits, while seven applied for digital full-bank licenses, the Monetary Authority of Singapore said earlier this month.

Follow the link for more news on

CrimsonLogic

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia