Known as ANEXT Bank, the digital wholesale bank in Singapore will focus on providing digital financial services to local and regional MSMEs, especially those with cross-border operations. Ant Group also signed an MoU with online marketplace Proxtera to create an open framework for collaboration with financial institutions. Jack Ma’s Ant Group is the world’s largest e-finance provider ; it runs Alipay, one of China’s largest online payment systems. Yet, the group is not foreign to conflicts with its local financial regulators, as it has been navigating through uncharted waters even before its blockbuster IPO were derailed. But while it tries...