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The New World of Risks Faced by Digital Banks in Singapore


September 29, 2023 | Jonathan Pryer

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.

In this Asian Banking & Finance feature, Bharath Vellore, General Manager, APAC for Provenir, discusses the balancing act digital banks must perform between adopting new and rapidly evolving technologies while ensuring regulatory compliance and protection of customers’ assets and the tools to help them achieve both.

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