The Business Times
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Fast evolving fintech scene threatens to upend universal banking

Traditional banking model of being all things to all people requires greater consideration than ever, say analysts

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Kelly Ng

Kelly Ng

Published Thu, Mar 31, 2022 · 09:50 PM

    Singapore

    NEW technologies, changing consumer demands and tougher regulatory requirements have fuelled the rise of financial specialists - banks or fintechs that operate within a narrower segment of the financial services spectrum.

    Although the universal banking model is not obsolete, analysts said the banking model of being all things to all people requires greater consideration than ever.

    BanksDigital bankingWealth management

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