Tight competition: People pass a signage for a bank in Singapore. Analysts say the country’s small market poses challenges for digital banks. — Reuters
SINGAPORE: Singapore’s three digital banks serving retail customers – Trust Bank, GXS Bank and MariBank – appear on track to turn the corner more than two years after they started operations.
All three booked a smaller net loss in their most recent financial year ended Dec 31, 2024, compared with the previous financial year.
