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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
In Focus
AWS commits to helping Southeast Asian banks take full advantage of the cloud
Helping digital banks like Trust Bank and Timo Bank achieve their goals as well as providing cloud training programmes for FSIs.
November 29, 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
Company in the news
Standard Chartered's new regional wave
StanChart has been known to serve wealthy clients. Is Trust a way for StanChart to expand into other segments?
September 22, 2022
Company in the news
Sea stays silent amid layoffs
Sea is the only digital bank licensee here that has yet to launch and provide details on its offering.
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
Company in the news
'Gen Z bank' GXS launches with Grab, Singtel backing
Backed by Grab and Singtel, the digital bank's customers can earn interest of 1.58% p.a.
August 31, 2022
Results
Credit Bureau Asia reports 1HFY2022 earnings of $4 mil, eyes positive impact from digital banks
The company expects 'positive impact' from the launch of the digital banks
August 05, 2022
Zest
Ant Group soft launches its digital wholesale bank in Singapore
The bank will provide digital financial services to local and regional MSMEs, especially those engaging in cross-border operations
June 06, 2022