The
MSI aims to accelerate digital transformation and achieve sustainable growth of its international business through its participation in the online banking business.
*Several companies/consortiums are bidding for the licenses and it is not certain that BEYOND will obtain a license.
1. Background and purpose
oversight.
By joining the consortium, MSI aims to develop advanced insurance products and services in order
to complement the newly formed digital bank's services and deliver a digital customer experience.
MSI will enhance its digital capability and expand the know-how gained here in other projects
globally through its network with licenses in 10
2. Overview of the digital bank 'BEYOND'
BEYOND is a cross-industry consortium consisted of leading companies with robust business
foundations and a broad customer base, including lifestyle, wellness and fintech player (V3 Group),
payment service provider (EZ-Link), property developer (
investment firm (Heliconia), the
BEYOND aims to provide financial services with advanced technologies to small and medium-sized
enterprises and individuals underserved by existing banks.
Through its general insurance arm in
products and services optimized to needs of each customer.
[Overview of the digital bank (subject to MAS approval)]
Name BEYOND
Establishment Mid 2021
Investors
MSI, V3 Group, EZ-Link,
Business profile
Digital full bank services providing banking accounts, loan products,
and insurance products, etc.
(C) 2020 Electronic News Publishing, source