DBS is "relatively confident" about taking on digital bank challengers, as it is fairly advanced in terms of its digital capabilities and solutions on the back of its headstart, said CEO Piyush...

THE “real prize” for Singapore’s upcoming five challenger digital banks is the Asean market, where half of the population is underbanked and incumbent banks are still catching up, according to a...

OPINION

SENIOR Minister Tharman Shanmugaratnam, chairman of the Monetary Authority of Singapore (MAS), is right to hail new virtual bank licences expected to be granted later this year as the next chapter...

BT EXCLUSIVE

OAKNORTH, a GIC-backed challenger bank from the United Kingdom, has set up shop in Singapore to sell its data-driven credit underwriting model to Asian financial incumbents.

DIGITAL BANKS

THE question behind the worth of a challenger bank may come down to this: would you put two million dollars in a challenger bank?

SINGAPORE'S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new...

SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years.

REMITTANCE startup InstaReM told The Business Times (BT) on Friday it plans to apply for the digital banking licence in Singapore when applications open in August. 

SINGAPORE will issue up to five new licences to digital banks and begin taking applications from August, in one of the biggest liberalisation steps taken by the city-state in years.

NEWS ANALYSIS

AS THE drums sound louder on the landing of virtual banks in Singapore, analysts are warning that incumbents need to squeeze more from their digital pursuits to fend off the attack by large...