People access DBS cash withdrawal machines in Singapore. Photo: Reuters People access DBS cash withdrawal machines in Singapore. Photo: Reuters
People access DBS cash withdrawal machines in Singapore. Photo: Reuters

Singapore

Singapore’s DBS not fazed by entry of digital banks, boss Piyush Gupta says

  • Singapore recently awarded licences to a Singtel-Grab joint entity, e-commerce firm Sea, China’s Ant Group, and a consortium comprising Greenland Financial Holding Group
  • While the new banks have advanced digital capabilities, none of them have a ‘monopoly on technology’, said Gupta at the Singapore Fintech Festival

Topic |   Singapore
People access DBS cash withdrawal machines in Singapore. Photo: Reuters People access DBS cash withdrawal machines in Singapore. Photo: Reuters
People access DBS cash withdrawal machines in Singapore. Photo: Reuters
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