digital banks

The company expects 'positive impact' from the launch of the digital banks

The bank will provide digital financial services to local and regional MSMEs, especially those engaging in cross-border operations

The bank says it seeks to serve micro-, small- and medium-sized enterprises (MSMEs) in the region.

Singtel's regional digital banking business is shaping up

As FinTechs challenge banks' turf, banks are riposting with innovation, taking the fight to challengers across the region

CBA, which provides credit and risk information, could make an interesting addition to one’s portfolio.

Incumbents are ready to give Singapore’s new digital-only banks a tough fight, but the real prize lies in Asean

Having digital banking licenses in the near future is the latest signal in an industry primed for change

While some digital banks in the APAC region have turned profitable such as Tencent-backed WeBank in China and the eponymous KakaoBank in Korea, most digital-only lenders’ risk frameworks and business models have not been tested through the economic cycle.

It has been more than 20 years since Singapore liberalised its financial sector. In the past five years, the focus has been on financial services going digital as part of a Smart Nation initiative. Last year, the Monetary Authority of