Ant Group, owned by billionaire Jack Ma, has launched a digital bank

In Singapore, the fintech behemoth said that its wholly-owned and Singapore-based subsidiary ANEXT Bank will provide financial services to small and medium-sized businesses in the region, with an emphasis on those with cross-border activities. The company, which is led by former DBS CEO Toh Su Mei and collaborates with local B2B marketplace Proxtera, is currently offering a preview of the dual-currency ANEXT business account. In the third quar....