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Singapore Plans Virtual Bank Hub to Meet Region’s Credit Needs, MAS' Menon Says

Nov.07 -- Singapore’s welcome mat to virtual banks is going beyond its own shores. The island nation wants to become a regional hub for technology firms with advanced data expertise, said Ravi Menon, managing director of the Monetary Authority of Singapore. Doing so would improve banking services at home and in other parts of Southeast Asia, he said. Menon speaks with Bloomberg's Haslinda Amin.