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.

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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'. Print Edition | Subscribe