SINGAPORE - Standard Chartered is planning its second digital-only bank in Asia, teaming up with NTUC Enterprise, according to people familiar with the matter.
Alex Twigg, co-founder of Australian start-up Judo Bank, has been hired for the business, which has been code-named"Project Phoenix," the people added. Standard Chartered and its local partners obtained a digital-only bank license in Hong Kong last year. Known as Mox, it's not fully operational yet, but the bank said in its earnings report late last month that it will be launched"very soon." It also has several digital banks in Africa.
A representative for Standard Chartered in Singapore declined to comment. NTUC didn't immediately respond to a request for comment.
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