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