digital banks

Grab ventures into retail wealth management with Bento buy

TAKING a clear step towards offering wealth management for the masses, digital bank contender Grab has acquired Singapore-based robo-advisory startup Bento for an undisclosed sum.

Can digital banks help Singaporeans to invest more?

WITH the start of a new decade, diverse groups of companies have submitted their applications for the digital bank licences in the hopes of securing their places in the pantheon of Singapore's...

Finance companies to crank up game as digibanks target SME turf

HAVING enjoyed some lift in their business following relaxed financing rules in 2017, finance companies may have to brace for a tougher fight defending their turf in their core small and medium-...

Thailand strives to catch up with Asian markets on digital banking

[SINGAPORE] Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank...

Singapore lenders risk 3-5% asset base erosion from digibank entry: Jefferies

AMID the liberalisation of Singapore's banking sector with digital-only entrants, the incumbents "at best" face significant competition for 3 to 5 per cent of their asset base, according to a report...

Big Tech is coming for banking: experts predict fintech's 2020

[NEW YORK] Financial technology startups will enter the next decade with a little more street cred than the last time around.

Singapore digital bank wannabes must prove they can make money

[SINGAPORE] Grab Holdings and gaming company Razer will need to demonstrate how their millions of users can help them generate profits if the two technology firms are to win one of Singapore's...

Digital banks may find it tough to win over consumers and deposits

WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks' earnings are not at...

Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

MORE customers may be willing to park money with Singtel than Grab, a CGS-CIMB report showed, with the brokerage estimating that 4-11 per cent of deposits from the domestic banking unit are at...

DBS confident in fending off digital challengers

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...

Singtel, Grab and Razer to study feasibility of applying for digital banking licence

Industry and digital players will be studying closely how a digital bank will complement their businesses in what has been described as one of the biggest policy moves in Singapore's bank...