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GXS
Zest
GXS to lower savings account interest from 3.48% p.a. to 2.68% p.a. by Aug 17
The Grab and Singtel-backed digital bank increased its deposit limit on its savings account from $5,000 to $75,000 on July 19.
August 07, 2023
Singapore news
Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign
Quoteworthy: "Singapore is very fortunate to have two of the best people I know running for President." - Ray Dalio.
July 21, 2023
Zest
GXS raises deposit limit from $5,000 to $75,000, savings accounts now open to public
The two digital banks here have reportedly been lobbying the Monetary Authority of Singapore to raise the $50 million deposit cap.
July 19, 2023
Zest
Grab, Sea push Singapore to lift digital banks' deposit cap
Time is also ticking for these digibanks owned by non-financial firms to boost scale
July 13, 2023
Company in the news
GXS offers flexible loans to the 'thinly-served' while nearing MAS deposit cap
By allowing early loan repayments without additional fees, GXS could be reducing its potential interest income.
May 04, 2023
Company in the news
GXS launches personal credit with interest rates from 3.8%
The minimum loan amount is $200, and loan tenures start from two months, with custom monthly repayment dates.
April 25, 2023
Company in the news
Trust Bank signals StanChart's commitment to Singapore consumer market
Standard Chartered has a “huge competitive advantage” over Singapore’s brand-new digital banks, says CEO Judy Hsu.
November 24, 2022
Zest
'Welcome to our world': Local banks warn of tough competition for challengers
In this “hyper-competitive environment”, do Singapore's three incumbent banks feel threatened by the new digital challengers?
September 22, 2022
Disruption and Digitalisation
Digital does not mean different: Can Singapore’s digital banks bring the fight to the three incumbents?
Is this a half-hearted launch for Singapore’s digital banks?
September 22, 2022
Disruption and Digitalisation
Digital banks unveiled, incumbents respond with higher interest rates
The digital banks’ maiden products are putting them in direct competition for funds with the incumbent local banks and the QFBs.
September 01, 2022