Tag "MariBank"
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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Sea’s MariBank Now Available to the Public on an Invite-Only Basis
MariBank, a digital bank licensed by the Monetary Authority of Singapore (MAS) and wholly-owned subsidiary of Sea, is now available to the public on an invite-only basis as it is in the midst of rolling out its services progressively. Interested parties
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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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