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Singapore banks need to quicken response to disruptive innovations

They must harness digital technology and practise financial inclusion to grow their business.

Backed by its huge cash holding and enviable fund-raising ability, Alibaba has the potential to spread its wings far and wide.

THERE have been some interesting developments in the world of finance over the past few months, which have led to a clarion call for change being sent out across the banking industry. Piyush Gupta, the CEO and director of the DBS Group, sounded the warning in a keynote speech at Singapore