Digital banking
Digital banks in South-east Asia face profit pressure as rates slump and credit risks rise
Preserving deposits and embedding products within ecosystems could prove vital, say market watchers
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si
Grab-GoTo merger could be ‘colossal’ for Indonesia’s fintech hopefuls, say analysts
Merging the superapp giants could change not only the face of South-east Asia’s ride-hailing market, but also its digital lending space
Revolut’s valuation hits US$75 billion as it completes fundraising
Investors Coatue, Greenoaks, Dragoneer and Fidelity lead the round
Fraud and scam claims against digital banks in Singapore on the rise
The banking industry, together with regulators and other stakeholders like the telcos, has stepped up the fight against scams
Reinventing finance in the digital age
AI is changing how banks operate and displacing jobs – a profound shift in skills and ethical guardrails is needed
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
Segment losses are expected to ‘narrow sharply’, says analyst Jacquelyn Yow
Access to credit and cross-border growth: How embedded finance deepens MSME relationships with business platforms
As micro, small and medium-sized enterprises seek faster financing and seamless transactions, platforms can offer financial services by integrating Anext Bank’s compliance-ready API infrastructure
Almost 400,000 Singapore bank customers stow away over S$30 billion under money lock feature
DBS, OCBC, UOB introduced money lock features in 2023, followed by other banks
Trust Bank launches S$100,000 giving-back initiative with FairPrice tie-up
Beneficiaries learn how to use GenAI to shop and eat more healthily and affordably
