Companies to watch: iFAST to obtain a banking licence in the UK


Just last week, iFast announced that it has signed an agreement with its partner Eagles Peak Holding to acquire BFC Bank from Bahrain’s BFC Group. And this deal will see iFast purchase an 85% stake in the UK digital bank for SGD$46 million. Alvin Chow, CEO, Dr Wealth shares the importance of adding a digital bank to iFAST's fintech ecosystem and the opportunities it will open up for the company in the global market. 


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