Commentary

Virtual banking disruption can be a major opportunity for Singapore winners

The much-anticipated arrival of virtual banking in Singapore is unlikely to be an "aha" moment for consumer finance, but corporate banking will be different. One should expect disruption.

The application period for Singapore's first Internet-only lenders ended last week with five known hopefuls, so far, for as many licences on offer.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on January 07, 2020, with the headline 'Virtual banking disruption can be a major opportunity for S'pore winners'. Subscribe