Singapore Digital Banks to Disrupt Smaller Incumbents the Most

 Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.


A wave of new digital banks will increase competition in Singapore, but the impact on the three largest digital banks will be manageable, according to Moody’s Investors Service.


The research note follows last week’s announcement that the MAS (Monetary Authority of Singapore) plans to issue up to five new digital bank licences, to add diversity and help strengthen Singapore’s banking system.














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