Tag "GXS Bank"
GXS FlexiLoan Programme Saves Customers S$4 Million in Interest Over One Year
Singapore’s GXS Bank has reported that its GXS FlexiLoan programme has facilitated S$4 million in interest savings for its customers over a 12-month period since its launch in April 2023. The bank, part of the Grab-Singtel digital bank consortium and
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Fitch: DBS, OCBC, UOB to See Minimal Impact from Digital Banks’ Deposit Cap Raise
Singapore’s digital banks have recently raised their deposit caps, but this move is not expected to significantly impact the profitability of local banks DBS, OCBC and UOB, according to Fitch Ratings. Grab and Singtel’s GXS Bank as well as Sea
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GXS Bank Expands Access to Savings Account, Raises Deposit Cap to S$75,000
Grab and Singtel’s GXS Bank has made its savings account available on a first-come, first-served basis. The digital bank has also raised the deposit cap for its GXS Savings Account to S$75,000. This move possibly indicates that the Monetary Authority
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GXS Bank Launches Flexible, Instant Personal Loans From S$200
Grab and Singtel’s GXS Bank has launched its instant personal loan product available to all eligible individuals in Singapore which includes having a minimum annual income of S$20,000. Customers can apply for the GXS FlexiLoan from as low as S$200
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GXS Appoints Banking Veteran as Group CEO for Singapore, Malaysia
Grab and Singtel’s GXS Bank has appointed Muthukrishnan Ramaswami as its Group Chief Executive Officer, effective from 7 February. The appointment is subject to regulatory approval. Fondly known as Ramu, the new appointee will be focused on GXS’ ambition to
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All 5 Singapore Digital Banks Are Now Members of the Credit Bureau
The five digital banks licensed by the Monetary Authority of Singapore (MAS) are now members of the island state’s credit bureau. This brings the Credit Bureau Singapore’s (CBS) members to 36. The two full digital banks Grab and Singtel’s GXS
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Are Digital Banks Breeding a Risky Competitive Climate in Singapore?
Technological developments have accelerated the transformation of financial services, leading to the explosion of digital banks worldwide. In Singapore, the entry of digital banks into the local financial system is driving economic innovation and enhancing financial inclusion, according to a
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GXS Bank Introduces Savings Account Ahead of Launch Next Monday
The Grab-Singtel digital bank consortium, now branded as GXS Bank, announced the roll out of its savings account ahead of its launch next Monday. The consortium was among the four successful applicants having secured a full digital bank license from
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