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Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile and ATM services. Contents 1 Description
The Bank of Singapore is a Singapore-based private banking arm of OCBC Bank. Formerly known as ING Asia Private Bank, it was acquired by OCBC Bank in 2009 from ING Group for US$1.46 billion. [2] As at 31 March 2022, Bank of Singapore's assets under management (AUM) was US$119 billion. [3]
DBS Bank. DBS Vickers Securities Holdings Pte. Ltd. DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Singapore Limited, which " DBS ...
The Monetary Authority of Singapore ( MAS) is the central bank and financial regulatory authority of the Republic of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance. It was established in 1971 to act as the banker to and as a ...
Arival Bank is a global fintech company founded in Singapore to provide banking and financial services to international tech businesses. It operates through four offices located in Singapore, the US ( Puerto Rico and Florida ) and Lithuania under the banking license in the US (International Financial Entity).
Bank name Country Sales (US$ billion) 1 OCBC Bank Singapore: 24.5 2 DBS Bank Singapore: 13.2 3 Maybank Malaysia: 10.5 4 Bank Rakyat Indonesia Indonesia: 10.0 5 United Overseas Bank Singapore: 9.5 6 Bank Mandiri Indonesia: 8.6 7 Kasikornbank Thailand: 8.2 8 CIMB Malaysia: 6.1 9 Bank Central Asia Indonesia: 6.0 10 Asia Stock Bank Indonesia: 6.0 11
In December 2020, Grab was granted a digital bank licence from Singapore together with Singtel. The Grab-Singtel consortium is known as GXS Bank, and Grab holds a 60% stake. GXS Bank is set to launch in 2022. Public listing and partnerships
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