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Home / Capital / Brokers Calls

No near-term impact on incumbent banks following digital licence announcement: analysts

Broker's Calls

No near-term impact on incumbent banks following digital licence announcement: analysts

Jovi Ho Published on Thu, Dec 10, 2020 / 11:25 AM GMT+8

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The race is on for successful awardees of the digital banking licences in Singapore to begin operations in early-2022, with incumbent banks safe for now, say analysts.

As two of the largest names among the three brands involved in becoming digital full banks, Singtel and Sea will go head-to-head in the coming year as they prepare for the launch of their respective digital banking units.

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