In an era where technology is rapidly reshaping various industries, the banking sector is no exception. The rise of digital banks has been particularly prominent, challenging the traditional banking model and offering consumers a more convenient and accessible way to manage their finances. Singapore, known for its forward-thinking approach, has witnessed the emergence of several digital banks. Read on to find out whether you should open a digital bank account in Singapore. What’s the difference between traditional and digital banks? Traditional banks have long been the backbone of the financial industry, offering stability, a physical presence, and a wide range of services. However, digital banks are disrupting this landscape by providing innovative, user-friendly platforms that operate exclusively online. While traditional banks may have a physical branch network, digital banks offer the advantage of 24/7 accessibility, streamlined processes, and often, lower fees. In essence, digital banks provide the same suite of banking services as traditional banks but...