Singapore's digital-only banks face uphill battle to reach sustainable profits

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Poor performance of earlier neobanks have cast a doubt on their ability to gain income. Singapore’s upcoming digital-only banks face an uphill climb in order to achieve sustainable profitability. The odds are against them due to customers’ banking preferences and the strong positions of incumbent banks—whilst the poor showing of their earlier neobank peers casts a shadow on their reliability. read more