Singapore's digital banks, including GXS Bank, MariBank, ANEXT Bank, Green Link Digital Bank, and Trust Bank, are reshaping the financial sector by targeting underserved segments and driving innovation.
Each digital bank has a distinct niche, catering to specific market needs such as financial inclusivity, personal and business banking, innovative lending solutions, supply chain financing, and retail banking services.
These digital banks have introduced new product offerings, emphasizing convenience and tailored solutions for modern lifestyles.
While challenges remain, such as regulatory compliance, cybersecurity, and competition from traditional banks, Singapore's digital banks aim to broaden their product offerings, achieve profitability, and expand regionally.