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'. Subscribe