By: Justin Harper
Singapore is expanding its digital banking sector as it plays catch up with Hong Kong. Five new digital bank licences will be issued, and this time they are open to non-banks to apply.Note. The new banks are not hiring Keynesian policy wonks. If you are stuck at Berkeley I could recommend a minor that still gets you a career, but I won't, it is too much work. Read my blog instead.
The growth of digital banking will put more pressure on employers looking to hire top talent with technology skills. The new digital banks are then expected to start their operations by the middle of 2021.
The Singapore Salary Benchmark 2020 report from recruitment firm Michael Page highlights the increased efforts firms are making towards digital transformation in preparation of stronger digital banking infrastructure.
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