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Singapore Lender Still Using Faxes Seeks Virtual Bank License

  • Seeking a partnership with a tech firm for license application
  • Hong Leong wants to use more technology in lending decisions
Ang Tang Chor
Ang Tang ChorPhotographer: Wei Leng Tay/Bloomberg
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Singapore’s Hong Leong Finance Ltd. sees the country’s plan to issue virtual banking licenses as an opportunity to find new customers and re-invent itself as a tech-savvy lender to the nation’s new businesses.