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How will incumbents prepare for the arrival of digital banks?
Published Tue, Jan 21, 2020 · 09:50 PM
GIVEN the outsized interest from 21 digital banking aspirants looking to partake in Singapore's latest financial-sector shake-up, what are the incumbents to do?
There are a few factors traditional players will take into account that may shape how the competitive landscape will look in a few years' time.
Firstly, retail consumers are price sensitive as banks try to outdo one another, owing to the hyper-competitive market here.
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