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Will digital banks be a threat to Singapore's big three?

Uma Devi
Uma Devi9/26/2019 04:20 PM GMT+08  • 3 min read
Will digital banks be a threat to Singapore's big three?
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SINGAPORE (Sept 26): CGS-CIMB Research says new digital banks are unlikely to threaten the market share of Singapore’s three incumbent lenders.

While CGS-CIMB agrees the potential for disruption is real, the stringent criterion set forth by the Monetary Authority of Singapore is a hurdle.

See: MAS sets high bar for digital bank applicants

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