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GXS chief ‘quietly optimistic’ on digital bank’s growth despite recent global banking instability
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GXS CEO Charles Wong noted that GXS’ business model differs from those of the lenders that have come under stress.
ST PHOTO: ARIFFIN JAMAR
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SINGAPORE – GXS Bank believes it is well-placed to capture a larger slice of the consumer market despite banking crises abroad that have added to uncertainty in the global economy.
Chief executive Charles Wong said the digital bank’s target segment of millennials and Gen Zs – those up to 26 years old – have unmet needs that can be met by GXS, which is owned by Grab and Singtel.
