Singapore has drawn interest from 21 applicants seeking to shake up its banking landscape in what would be its biggest liberalisation in two decades. “The coronavirus outbreak is likely to alter business plans of players and the regulator will be keen to understand changes in their strategy before making a shortlist,” said one person who asked not to be identified as they were not authorised to speak to the media. Singapore is issuing up to two digital retail and three wholesale bank licences, and bidders need S$1.5 billion ($1.1 billion) in paid-up capital.

https://www.reuters.com/article/health-coronavirus-singapore-banks/singapore-to-assess-covid-19-impact-on-digital-bank-bidders-sources-idUSL4N2DG0I4