Singapore digital banks
HOCK LOCK SIEW
THERE was a scramble for non-bank players to speed-date the traditional lenders in Singapore, but thus far, none has made it to the altar with the final digital-bank consortia.
YOUNGER customers and higher-income individuals are keen to open a digital bank account in Singapore, even as two in five of overall respondents indicated that they would only consider doing so if...
GIVEN the snug fit between e-commerce and digital banking, shopping platform Shopee's parent Sea Ltd may offer an edge over the Grab-Singtel consortium, with a fresh S&P report seeing these...
TAKING a clear step towards offering wealth management for the masses, digital bank contender Grab has acquired Singapore-based robo-advisory startup Bento for an undisclosed sum.
China-based tech firms are circling Singapore’s banking sector, with top names having joined the race for digital banking licences here.
TWO more Chinese players have made public their digital wholesale banking bids in Singapore, bringing the reported tally to seven Chinese names vying for these new licences here.
HOCK LOCK SIEW
GIVEN the outsized interest from 21 digital banking aspirants looking to partake in Singapore's latest financial-sector shake-up, what are the incumbents to do?
CHINESE real estate developer and state-owned enterprise Greenland Group, through its investment arm Greenland Financial, has formed a consortium with partners including Chinese financing platform...
BT EXCLUSIVE: DIGITAL BANKS
CHINA-BASED Zall Smart Commerce Group is bidding for a digital wholesale bank licence in Singapore, joining a growing list of Chinese contenders in the digital banking scene.
A NEW wave of digital banks is arriving on Asia's shores as regulators seek to transform the financial sector to become more diverse, innovative and competitive.
BT EXCLUSIVE: DIGITAL BANK
WITH the imminent arrival of digital banks seeking a bigger share of the personal finance market, local banks have been rejuvenating their offerings to tap this so-called "under-banked" segment....