GXS Bank

Banking & finance

GXS FlexiLoan customers saved $4 mil in interest in the past 12 months: GXS Bank

The bank has disbursed more than 100,000 loans since the launch of GXS FlexiLoan in April 2023.
GXS Bank subsidiary first to receive approval from Bank Negara Malaysia to commence operations - THE EDGE SINGAPORE

Malaysia

GXS Bank subsidiary first to receive approval from Bank Negara Malaysia to commence operations

GXBank successfully completed an operational readiness review and has been approved to commence operations effective Sept 1.
GXS to lower savings account interest from 3.48% p.a. to 2.68% p.a. by Aug 17 - THE EDGE SINGAPORE

Banking & finance

GXS to lower savings account interest from 3.48% p.a. to 2.68% p.a. by Aug 17

The Grab and Singtel-backed digital bank increased its deposit limit on its savings account from $5,000 to $75,000 on July 19.
Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign - THE EDGE SINGAPORE

Singapore news

Briefs: GXS raises deposit limit to $75,000; EY cautions on valuations ahead of Sabana's EGM; Sg politicians resign

Quoteworthy: "Singapore is very fortunate to have two of the best people I know running for President." - Ray Dalio.
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.
GXS launches personal credit with interest rates from 3.8% - THE EDGE SINGAPORE

Company in the news

GXS launches personal credit with interest rates from 3.8%

The minimum loan amount is $200, and loan tenures start from two months, with custom monthly repayment dates.
GXS Bank appoints ex-SGX president Muthukrishnan Ramaswami as group CEO - THE EDGE SINGAPORE

New appointments

GXS Bank appoints ex-SGX president Muthukrishnan Ramaswami as group CEO

Ramaswami stepped down from his position at SGX in 2019.
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