From crowdfunding to digital banking: The evolution of funding societies

• Main Authors: TAN, Swee Liang, LIM, Thomas, TOK, Yoke Wang, CHANSRINIYOM, Thitipat
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Banking; Crowdfunding; Investment banking; Energy industry; Financial technology; Asymmetric information; Commercial credit; Small & Medium-sized Enterprises; Finance; International Economics
• Online Access: https://ink.library.smu.edu.sg/cases_coll_all/315; https://smu.sharepoint.com/sites/admin/CMP/cases/SMU-20-BATCH%20%5BPDF-Pic%5D/SMU-20-0014%20%5BFunding%20Societies%5D/SMU-20-0014%20%5BFunding%20Societies%5D.pdf
• Institution: Singapore Management University

Kelvin Teo, Group CEO of peer-to-peer (P2P) lending platform Funding Societies Pte Ltd, has submitted an application for a Singapore digital wholesale bank (DWB) licence to the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator. For the purpose of this applicatio...