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Singapore digital banks

Anext's Qiu sees opportunities to deepen collaboration within the Ant International ecosystem, both to enhance services and acquire inbound customers.

Companies & Markets

Anext Bank’s new CEO leverages CTO stint to grow SME lending by financing AI hardware

Qiu Kai takes unusual route to corner office at Ant International unit

As digital banks in Singapore cross the three-year mark, profitability is coming into sharp focus.

Companies & Markets

Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability

They state that loans will be a key driver for growth

CEO Dwaipayan Sadhu says an expanded product range has enabled Trust Bank to attract a wide demographic of customers in Singapore.

Companies & Markets

Trust Bank swings to profit for the first time in March; Q1 still loss-making

Its CEO believes that the digital bank is on a sustainable path; in 2026, it will expand its current offerings and unveil new products

GXS group CEO Lai Pei-Si says: “2025 has proven that we can find a product-market fit with our customers.”

Companies & Markets

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

MariBank Singapore's allowances for credit and other losses jump to S$20.5 million, from S$4.4 million in FY2024.

Companies & Markets

MariBank posts wider losses on higher allowances in FY2025

However, its total income is S$37.4 million, up from S$24.4 million in the previous year

TrustInvest allows traders to trade over 7,000 US stocks and ETFs.

Companies & Markets

Trust Bank launches retail trading platform for US stocks and ETFs, offering in-app fractional investing

Since admitting investors from its waitlist in November 2025, 10,000 customers have opened trading accounts

None of the digital banks in Singapore, including GXS Bank, MariBank and Trust Bank, have become profitable yet.

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

$Trust's upcoming trading platform will feature fractional trading, which the digital bank says is a first for a banking app in Singapore.$

Companies & Markets

Trust Bank to launch US equities trading function within its mobile app

Customers will be invited to open a trading account in the coming weeks

Money locking features reduce the risk of unauthorised transfers.

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

Keeping MariBank true to its mission is a focus for MariBank CEO Natalia Goh.

Companies & Markets

‘Let’s bank’: How MariBank plans to win over Singapore’s retail and SME segments

In the next 12 months, there will be more products and services for retail and SME customers

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