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BEST DIGITAL NEWS START-UP, WAN-IFRA 2019 GOLD AWARD



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FINTECHS EYE PARTNERSHIPS WITH DIGITAL BANKS, EXPECT TO RETAIN COMPETITIVE EDGE
WITH SPECIALISED OFFERINGS 

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FINTECHS EYE PARTNERSHIPS WITH DIGITAL BANKS, EXPECT TO RETAIN COMPETITIVE EDGE
WITH SPECIALISED OFFERINGS 


Wed, Sep 21, 2022 - 5:50 AMUPDATED Wed, Sep 21, 2022 - 5:50 AM
Benjamin Cherbenjamincher@sph.com.sg@BenCherBT
3 -min read
Listen to this article
trust039A5536.jpg, by
Digital banks such as Trust Bank could be partners rather than competitors to
some fintechs.
PHOTO: YEN MENG JIIN, BT
Wed, Sep 21, 2022 - 5:50 AM
Benjamin Cher benjamincher@sph.com.sg @BenCherBT
3 -min read
Listen to this article

DIGITAL banks have landed in Singapore, dangling higher interest rates, a free
bag of rice and bonus NTUC LinkPoints in an effort to lure customers from
incumbents.

But fintech startups claim the lack of wealth management products and credit
lines make these digital newcomers less of an immediate threat.

Atome, for one, said the arrival of digital banks isn’t going to sway the
buy-now-pay-later (BNPL) player’s focus on providing financial services.


“Digital banks are...

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SEE ALSO

SINGAPORE-BASED FINTECH PLATFORM #DLTLEDGERS RAISES S$8.5M IN SERIES B

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READ MORE

 * Singapore’s first digital bank Trust Bank launches
 * Singapore wealthtech investments up 605% in 4 years amid Asian wealth boom
 * Digital banks stake out customer segments, but early returns likely limited


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