digital banks

GXS raises deposit limit from $5,000 to $75,000, savings accounts now open to public - THE EDGE SINGAPORE

Banking & finance

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.
GXS offers flexible loans to the 'thinly-served' while nearing MAS deposit cap - THE EDGE SINGAPORE

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.
AWS commits to helping Southeast Asian banks take full advantage of the cloud - THE EDGE SINGAPORE

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.
'Welcome to our world': Local banks warn of tough competition for challengers - THE EDGE SINGAPORE

Banking & finance

'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?
Standard Chartered's new regional wave - THE EDGE SINGAPORE

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?
Sea stays silent amid layoffs - THE EDGE SINGAPORE

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.
'Gen Z bank' GXS launches with Grab, Singtel backing - THE EDGE SINGAPORE

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.

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
Ant Group soft launches its digital wholesale bank in Singapore - THE EDGE SINGAPORE

Banking & finance

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
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