digital banks

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...

Singapore to allow digital banks; MAS issuing up to 5 new licences: Tharman

The new licences are in addition to any digital banks local lenders have set up under the existing Internet banking framework.

UOB's TMRW banking to beat today's competition

UNITED Overseas Bank (UOB) will stake its claim in the digital banking space in Asean, by being the first foreign bank in Thailand to launch a mobile-only bank that is aimed at millennials.