SINGAPORE -- The trio of banks that dominate Singapore's financial sector are preparing their defenses against an influx of digital lenders, as the city-state puts itself at the forefront of the fintech revolution in Southeast Asia.
Incumbent lenders pour billions into technology before new players arrive
UOB, DBS, OCBC, three of Singapore's biggest legacy banks, face a growing challenge from fintech players. © Reuters
SINGAPORE -- The trio of banks that dominate Singapore's financial sector are preparing their defenses against an influx of digital lenders, as the city-state puts itself at the forefront of the fintech revolution in Southeast Asia.