singapore digital banks

Sep

Trust Bank expects to become No. 4 retail bank in Singapore

How is it that a digital bank startup expects to become the No. 4 retail lender in Singapore before long? After all, digital banks are, with the occasional exception, better known for losing money than making a profit. Of the four online lenders who received licenses in December 2020, not…

Jul

Asia Banking Research

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…

Oct

Asia Banking Research

Will the financial woes of Greenland affect its Singapore digibank?

Greenland Financial Holdings has always been an unusual candidate for operating a digital bank in Singapore. The company is in essence a large state-owned real estate developer based in Shanghai. Compared to tech and telecoms giants that won the other licenses in the city-state, Greenland is less market oriented. It’s…

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singapore digital banks