Ant Group Soft Launches Its SME-Focused Digital Wholesale Bank ANEXT

ANEXT Bank, a digital wholesale bank incorporated in Singapore and a wholly-owned subsidiary of Ant Group, announced its soft launch today.

The bank said in a statement that the soft launch follows its receipt of MAS’ approval to commence business on 2 June 2022.

The Singapore-based digital bank will focus on providing digital financial services to local and regional micro, small and medium enterprises (MSMEs), especially those engaging in cross-border operations for growth and global expansion.

Read more: Fintech News Singapore