Tag "Sea Group"

Zheng Yu Dong Steps Down as MariBank CEO, Stays on as Advisor

Zheng Yu Dong announced that he will be stepping down as CEO of MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and a wholly-owned subsidiary of Sea Group, after a five-year tenure. According to a LinkedIn

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Sea Group in Talks to Acquire Minority Stake in Indonesian Bank HiBank

Singaporean tech conglomerate Sea Group is reportedly poised to acquire a minority stake in HiBank, a subsidiary of PT Bank Negara Indonesia Tbk (BNI). Royke Tumilaar, BNI’s president director had confirmed this development. BNI, a state-owned entity and the controlling

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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework

When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these

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What Have Singapore’s Digital Banks Been up To?

It has been six months since The Monetary Authority of Singapore (MAS) announced the four successful applicants for Singapore’s inaugural digital banks. A Grab-Singtel consortium and SeaMoney (an entity wholly owned by Sea Group) snagged digital full bank (DFB) licenses

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