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.
Read more: https://www.spireresearch.com/newsroom/media/digital-banking-in-singapore/
Unit No. 501 – 502, DLF City Court
DLF Phase III, Sector 24,
Gurugram, Haryana – 122002 India
Spire Research and Consulting was established in 2000 to address a gap in the research and consulting industry in global emerging markets. Unlike most agencies that focus on traditional consumer research, our founders saw a profound need for holistic research projects.
These projects integrate traditional customer research with knowledge of the broader business eco-system; for instance, competitors, channels, legal and regulatory factors. They support strategic decision-making for market growth and entry. Our studies provide indispensable tools for creating business plans, setting sales quotas, quantifying budgets and investment as well as making product launch decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital banking in Singapore here
News-ID: 1807569 • Views: …
More Releases from Spire Research and Consulting
Leadership Succession in Spire
In this planned leadership succession, Rio Funayama will assume the position of CEO of Spire. Jeffrey Bahar and Japnit Singh will each assume the position of joint COO and will extend their current executive leadership functions with respect to Spire’s operations. Go Sakano will assume the role of CFO of Spire.
November 1, 2021, Singapore – The Spire Research and Consulting Group and its parent company Yamada Consulting Group Co., Ltd…
Spire expands global footprint with inaugural venture into the MENA region
Spire Research and Consulting, leading provider of business research and consulting, and a group company of the TSE Listed Yamada Consulting Group, has expanded its global footprint to the markets in Middle East and North Africa (MENA). The company has entered into a joint venture (JV) with United Arab Emirates (UAE) headquartered ZASK Associates, a leading provider of business and strategy consulting to companies in the MENA region.
The new company,…
Spire speaks on Cloud computing and IoT at the GATES Indonesia ICT Channel Summi …
Spire was honored to participate in the GATES Indonesia ICT Channel Summit, 2019 as Research Partner. The Summit was held on 18-20 June, in Bali. Albertus Edy Rianto, Senior Manager and Astri Welmien Tompodung, Senior Consultant, Spire Indonesia, shared their insights on the rise of Cloud computing and the internet of things (IoT) in Indonesia's business landscape.
The speakers discussed how, through the continued technological advancement, ICT is becoming a general…
Will compost turn out to be the magic mineral for African agriculture?
Introducing phosphorous back in African soil is important as it helps plants in early life to build root systems.
80 per cent of phosphate reserves are controlled by five countries. Morocco has 75 per cent of the global reserves. After an 800 per cent price hike in 2008, phosphate rock has become costly.
An alternative option is compost. Compost not only provides phosphorous and other nutrients but can also restore the soil…
More Releases for Singapore
Magento development company singapore
Suria International, a leading Magento web development company
An online shop is the need of the hour in the age of eCommerce and mCommerce. Advancing technology has introduced several platforms to build feature-rich online stores, but Magento has remained a preferred choice of many online retailers for years. High scalability, broad system support, and result-oriented adaptability have made Magento eCommerce development popular worldwide.
Magento, with its three variants- Magento Community Edition, Magento…
Peoplewave selected for Startup Station Singapore by Facebook and IMDA Singapore
20 February 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, has been selected to participate in Startup Station Singapore 2019.
Startup Station Singapore is a partnership between Facebook and the Infocomm Media Development Authority (IMDA) Singapore. Kicking off in February 2019, this programme will empower data-driven startups to accelerate their businesses in new and cutting-edge ways, while continuing to keep peoples’ trust, transparency and control over their data at…
Baby Food Sector in Singapore Global Report 2018: Top Key Players - Abbott Labor …
The Baby Food Sector in Singapore, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Singapore market.
The development of the baby food sector in Singapore goes beyond the realms of disposable income and is more often dependent on attitudes to industrially prepared foods in general, the desire for convenient alternatives, and the employment status of women. Baby food manufacturers…
ITIL Singapore
ITIL Singapore Certification Training at Vinsys. Get ITIL Training with EXIN & PeopleCert Accredited ITIL Certification Training with IT Tactic of Business Vision ITIL Singapore.
ITIL Foundation Singapore is the most widely recognized entrance-level ITIL certification for IT professionals. IT departments need qualified specialists who can carry effective IT services. This ITIL Singapore training will show you the ITIL Singapore services lifecycle, how lifecycle steps are linked, processes elaborate, and finest…
Hosiery in Singapore
Orbis Research delivers key insights on the Hosiery market in a new report titled “Hosiery in Singapore” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period.
Hosiery in Singapore is an accessory, not a daily necessity, due to the hot and humid climate. Therefore its growth largely depends on fashion trends, particularly men’s desire to accessorise with the colourful addition…
WBLCA & Technology Seminar Singapore
Just as technology has reshaped how individuals communicate and how organizations do business, it also having a profound impact on the practice of law. Technological developments are affecting management strategies in corporate legal departments, and changing how legal services are delivered.
Venue: Singapore (Hotel Mandarin) Date: 15 May 2016
Registration: 8.15am to 9.00am (Singapore Time)
Event: 9.00am to 5.00pm
WBLCA & Technology Seminar examines both the: (a) legal challenges (b) opportunities…