GXS Bank
Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
They state that loans will be a key driver for growth
GXS’ FY2025 loss narrows to S$208.1 million on higher income and lower costs
It is on track to achieve profitability by 2027, within MAS’ five-year framework for digital banks
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
Grab reports Q3 earnings of US$37 million on positive operating profit
Revenue is up 22% at US$873 million from US$716 million the year before
Talent a key priority for new GXS Bank CEO Lai Pei Si
The next big quality is empathy, which she has had to learn as well
Singlife, GXS partner to embed insurance in digital bank’s first investment product
The collaboration will allow eligible bank customers who invest in the offered fund to receive complimentary group personal accident insurance coverage
GXS Bank CEO to retire; head of Malaysian arm to take over
Muthukrishnan Ramaswami will remain as a senior adviser to GXS
GXS acquires fintech Validus’ Singapore business to boost business banking offerings
The deal will allow digital bank to offer short and medium-term working capital loans, as well as trade finance, making it more ‘complete when it comes to lending’, says executive
GXS Singapore CEO Charles Wong steps down, remains as an adviser
In a recent media event, GXS group CEO Muthukrishnan Ramaswami was seen to be the face of senior management, perhaps already signalling then that a shakeup was on the cards
