ant group singapore

Jul

ANEXT Bank makes modest progress

What to make of ANEXT Bank? On the one hand, Ant Group has been focused for years now on expanding its presence in Southeast Asia. Its Singapore digital bank, which provides multi-currency business accounts, unsecured financing with flexible repayment options, and fixed deposit accounts to SMEs, is a key part…

Jun

Asia Banking Research

Ant Group’s Singapore digibank will face considerable challenges

Chinese fintech giant Ant Group announced the soft launch of its Singapore digital bank ANEXT with fanfare earlier this month. The announcement came nearly three years after the Monetary Authority of Singapore (MAS) said it would issue up to five digital banking licenses. Now that ANEXT has finally gone live,…

Jul

Asia Banking Research

What are the prospects for Singapore’s digital banks?

The digital banking proposition in Singapore has always been a bit curious. A central tenet of the case for digital banks in the city-state is that, well, Hong Kong has them, and besides, digital lenders can boost financial inclusion – as long as the definition of financial inclusion is broad.…

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