SINGAPORE – Two new digital banks have just opened for business here amid heightened competition among local and foreign lenders and fintech service providers despite slowing economic growth.
Policymakers still see more room for new digital bank entrants following the arrival of GXS Bank and Trust Bank this week. The Straits Times explains why.
source https://netdace.com/latest-news/askst-what-is-a-digital-bank-and-how-do-their-offerings-differentiate-them-from-traditional-ones/