OUTLOOK 2021

Singapore digital banks face hard slog but incumbents can't sit pretty either

New entrants unlikely to pose a significant threat but can still put pressure on existing banks' pricing and margins, analysts say

Singapore

SINGAPORE'S first digital banks will need to focus on building trust and managing acquisition costs to succeed in the long run, analysts say.

But although they are unlikely to pose a significant threat to the digitally-advanced incumbents in the near term, they could