Singapore digital banks face hard slog but incumbents can't sit pretty either
New entrants unlikely to pose a significant threat but can still put pressure on existing banks' pricing and margins, analysts say
Singapore
SINGAPORE'S first digital banks will need to focus on building trust and managing acquisition costs to succeed in the long run, analysts say.
But although they are unlikely to pose a significant threat to the digitally-advanced incumbents in the near term, they could still put pressure on existing banks' pricing and margins, they added.
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