What does it take for a digital bank to finally turn a profit in one of the world’s most overbanked markets?
From GLDB’s first FY2025 profitability to Trust Bank crossing the one-million-customer mark, 2025 marked the year Singapore’s digital banks started chasing sustainability.
The 2026 Singapore Digital Banking Report breaks down a year of financial results, strategic pivots, and hard-won lessons from all five digital banks.
Inside the report, explore:
01How each of Singapore's five digital banks performed in FY2025, from GLDB's breakthrough profit to GXS's narrowing losses
02The barriers still standing between digital banks and profitability, from salary account moats to Singapore's market
03Where the Big Three incumbents still hold the edge, and what each digital bank's 2026 strategy signals for the road ahead
Step inside for a data-driven view of who’s winning Singapore’s digital banking race, and why.