by Ekrem Duman | Aug 2, 2026 | Banking & Financial Services, Singapore Company Stories
⚡ TL;DRSingapore issued digital bank licences in 2020 to consortia led by Grab and Singtel, Sea Group, Ant Group and a Greenland-led group. The resulting banks, alongside Standard Chartered’s Trust Bank, have won millions of customers but have not...
by Ekrem Duman | Aug 2, 2026 | Banking & Financial Services, Singapore Company Stories
⚡ TL;DRSingapore has become one of the world’s largest cross-border wealth management centres, with assets under management measured in trillions of Singapore dollars and a family office population that grew from a handful to well over a thousand within a...
by Ekrem Duman | Aug 2, 2026 | Banking & Financial Services, Singapore Company Stories
⚡ TL;DRUOB was founded in 1935 by Wee Kheng Chiang as United Chinese Bank and remains the most family-influenced of Singapore’s three major banks. Under Wee Cho Yaw and then his son Wee Ee Cheong it grew through acquisition, culminating in the 2022...
by Ekrem Duman | Aug 2, 2026 | Banking & Financial Services, Singapore Company Stories
⚡ TL;DROCBC was formed in 1932 from the merger of three Chinese-owned banks and is now Singapore’s second-largest bank. Its distinguishing feature is breadth: alongside commercial banking it owns Great Eastern in insurance and Bank of Singapore in private...
by Ekrem Duman | Aug 2, 2026 | Banking & Financial Services, Singapore Company Stories
⚡ TL;DRDBS was founded in 1968 as Singapore’s development finance institution and is now Southeast Asia’s largest bank by assets. Its defining chapter was a decade-long digital transformation that turned a reputation for poor service into a global...
