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Fintech players are shaking up the banking sector in SEA

Samantha Chiew
Samantha Chiew4/16/2018 02:56 PM GMT+08  • 3 min read
Fintech players are shaking up the banking sector in SEA
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.
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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.”

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.

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