This shifting landscape presents both opportunities and risks for banks, but those that are in a supportive environment will have an advantage, and IT-savvy banks with scale should come up as the biggest winners.
SINGAPORE (Apr 16): CLSA is rating the Asean banking sector “overweight” as it is set to take a different route in the near future with fintech players carving out their paths and partnering the banks in more meaningful ways.
In a Wednesday report, managing director, HK and Singapore Banks of CLSA, Asheefa Sarangi says, “In our view, as a market, Singapore is best positioned from the banks’ perspective.”
