trust bank singapore

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…

Feb

Asia Banking Research

The Singapore digital banking market is heating up

Of the five digital banks in Singapore, just three are active in the retail market, and with good reason. The city-state’s population has an exceedingly low number of financially excluded people, with Allianz Global Investment estimating that 98% of Singaporeans aged 25 and up have a bank account. That is…

Sep

Asia Banking Research

Reevaluating the prospects of Trust Bank

It’s always good to revisit assumptions, especially when the bank you are analyzing is an offshoot of an incumbent as large as Standard Chartered. When we initially heard that there was a new kid on the block among the digital banks in Singapore – but not altogether “new” – we…

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trust bank singapore