Consumers could be winners as Singapore shakes up its digital banking sector

Consumers could be winners as Singapore shakes up its digital banking sector

A customer uses an automated teller machine in Singapore.
Nicky Loh | Bloomberg | Getty Images

Singapore is about to shake up its banking sector for the first time in two decades — a move that would allow technology players and non-banking companies to challenge traditional lenders. The disruption could be a win-win situation for consumers, according to marketing information services company J.D.…

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