Singapore digital banks
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
SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services
It will set up centres of excellence in product management, artificial intelligence and anti-money laundering
US tariffs provide opportunities for Greenlink Digital Bank: chairman
Geng Jing believes that the levies could spur deeper cooperation and trade between South-east Asia countries, as well as China
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate
Deputy CEO and chief technology officer Kai Qiu replaces Toh Su Mei
What’s next for Singapore digital banks in 2025 in quest for profitability
Digital banks have benefited from higher interest rates, but the next step – engaging customers – will be harder
Trust Bank’s deposits more than double to S$3 billion in H1 2024, customer base hits 806,000
The digital bank is confident of breaking even by end-2025; it targets unmet needs like the emerging affluent segment
