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 Pte Ltd’s (CBS) members to 36.
The two full digital banks Grab and Singtel’s GXS Bank and Sea’s MariBank are required inter alia to submit consumer data related to credit reporting to CBS.
#data #digital #singapore #banks #bank #license #mas #grab #gxsbank #maribank #fintech #fintechnews
The two full digital banks Grab and Singtel’s GXS Bank and Sea’s MariBank are required inter alia to submit consumer data related to credit reporting to CBS.
#data #digital #singapore #banks #bank #license #mas #grab #gxsbank #maribank #fintech #fintechnews
Digital Banks Are Not Making it in Singapore
They got here late and they when did arrive, they faced fierce rivalries from strongly entrenched incumbents. And given that they have to follow all the regulations that traditional banks do, they are not getting a break from regulators either.
#GXSBank #MariBank #ANEXTBank #GLDB
#Singapore #neobanks #hard #market #fintech #fintechnews
They got here late and they when did arrive, they faced fierce rivalries from strongly entrenched incumbents. And given that they have to follow all the regulations that traditional banks do, they are not getting a break from regulators either.
#GXSBank #MariBank #ANEXTBank #GLDB
#Singapore #neobanks #hard #market #fintech #fintechnews
finews.com
Digital Banks Are Not Making it in Singapore
The fledgling newcomers in the city-state seem to be having a much harder time than expected. Or is that largely in line with expectations? finews.asia takes a look.