SPIRE SIGN IN Register

Media Coverage - Archive

Spire's past media appearances.

Gazing into the crystal ball for 2020
Gazing into the crystal ball for 2020
Asia-Pacific silver industry ripe with opportunities
Asia-Pacific ripe for silver market opportunities
Will US-China tensions erode global growth?
Success factors for competitive economies
Success factors for developed economies
Will Madagascar become the next BPO hub?
The Key to Brand Loyalty

Digital banking in Singapore

8 July 2019
Business Times – Singapore

Digital banking in Singapore

What will be the impact of digital banks in Singapore? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore.

More and more countries worldwide are issuing full bank licenses to digital-only banks. The competition from digital banks is being seen as a favorable development for the consumer.

Digital banks with fewer physical branches and Automated Teller Machines to maintain could incur lower costs that could be passed onto the consumer.

However, Perera highlighted that non-bank players entering the regulated banking space would need to learn a great deal in terms of maintaining cyber- security and managing financial risks.

To overcome these challenges, regulators should work closely with licensed digital banks while also helping digital-only banks domiciled in Singapore to grow regionally.


For media enquiries, please contact:

Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

Back to Top

Back to Home
BTBTBTBTBTBT