Digital Banking Singapore Throughout the years, we’ve seen an emergence of digital banks in the financial industry. This transformation has hit the shores of the Asian market with the likes of Hong Kong and more recently Singapore issuing their very own digital banking licenses. Hong Kong is much more ahead in its digital banking transformation with the likes of “ZA Bank” being in operation since March last year. However, the country just reported that their digital banks are still years away from profit. Can these banks compete with traditional ones? In this article, we’ll be studying the topic from the perspective of a recent player in the digital banking space – Singapore, with 4 digital banks expected to commence their operations next year. Traditional Banks vs Digital Banks Before diving deeper into the digital banking landscape and transformation in Singapore, let’s look at their differences to provide us with some clarity....