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GXS Bank
Malaysia
GXS Bank subsidiary first to receive approval from Bank Negara Malaysia to commence operations
GXBank successfully completed an operational readiness review and has been approved to commence operations effective Sept 1.
September 05, 2023
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
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
New appointments
GXS Bank appoints ex-SGX president Muthukrishnan Ramaswami as group CEO
Ramaswami stepped down from his position at SGX in 2019.
February 02, 2023