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Ant Group soft launches its digital wholesale bank in Singapore

Nurdianah Md Nur
Nurdianah Md Nur • 3 min read
Ant Group soft launches its digital wholesale bank in Singapore
ANEXT Bank will provide digital financial services to local and regional MSMEs, especially those engaging in cross-border operations. Photo: Ant Group
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Micro, small and medium enterprises (MSMEs) can now turn to ANEXT Bank, a wholly-owned subsidiary of Ant Group, to address their digital financial services needs.

The Singapore-based digital wholesale bank will focus on providing digital financial services to local and regional MSMEs, especially those engaging in cross-border operations for growth and global expansion.

One such service is the ANEXT Business Account, a dual-currency deposit account with proprietary security measures, including three-factor authentication verification and features such as remote onboarding and daily interest. It will be available to the general SME community from Q32022.

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