Singapore digital banks
Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability
They state that loans will be a key driver for growth
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’ 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 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
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
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 Bank to launch US equities trading function within its mobile app
Customers will be invited to open a trading account in the coming weeks
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
‘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
GXS Bank CEO to retire; head of Malaysian arm to take over
Muthukrishnan Ramaswami will remain as a senior adviser to GXS
