News analysis

Digital banking new players' offerings likely to target SMEs and millennials

Singapore's foray into the realm of digital banking is not a fishing expedition.

The move to liberalise the banking sector by allowing digital-only banks is part of a bigger plan that has been in the works for a few years now. It goes by the quaint name of Ubin Project.

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A version of this article appeared in the print edition of The Straits Times on January 08, 2020, with the headline 'New players' offerings likely to target SMEs and millennials'. Print Edition | Subscribe