Tag "Trust Bank"
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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Trust Bank Offers In-App Travel Insurance by Income
Singapore’s Trust Bank announced that its customers are now able to purchase affordable travel insurance by Income Insurance within its app which takes about a minute to complete. This latest launch combined with Trust Bank’s card with zero FX fees
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Trust Bank Rolls Out Supplementary Credit Card With Instant Issuance
Singapore’s Trust Bank has launched its supplementary credit card where the application process is fully digital and will be issued instantly to its customers. The principal card holder will now be able to invite the supplementary card holder through the
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Breaking the Mold: How Next-Gen FSIs are Redefining Digital Experiences
As the world increasingly relies on digital technology, financial service institutions (FSIs) are constantly adapting to meet the changing needs of their customers. FSIs must reimagine their digital experiences to stay competitive and provide a more seamless and efficient customer
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More Than Half a Million Users Have Signed Up With Singapore’s Trust Bank
Singapore’s Trust Bank announced that it has now onboarded over 500,000 customers just seven months after its official launch in September 2022. This is close to 9% of the island state’s 5.64 million population as of end-June 2022. To celebrate
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FIS Powers Real-Time Payments for Singapore’s Trust Bank
Payments service provider FIS announced that it will power real-time payment transactions for Singapore’s digital bank Trust. Trust Bank will utilise the FIS Open Payments Framework (OPF) which is an agile and innovative ISO 20022-native real-time payments platform to facilitate
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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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Trust Bank Selects Thought Machine to Power Singapore’s New Wave of Digital Banks
Thought Machine, a cloud-native banking technology company, announced that it is powering Singapore’s cloud-native digital bank Trust. Leveraging Thought Machine’s technology, Trust has designed a world-class solution with an intuitive customer experience combining best-in-market rewards with a suite of products.
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AWS Powered Trust Bank to Onboard More Than 300,000 Users in Two Months
Amazon Web Services (AWS) Singapore, an Amazon.com company, has been powering Singapore’s built-in-the cloud digitally-native bank Trust to onboard more than 300,000 customers in two months. Through the partnership with AWS, Trust has the agility to rapidly improve its offerings
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