Digital Wealth Asia Forum 2019 Singapore - Exclusive Insights - Will Lawton

Will Lawton of Acalution

Jun 21, 2019

Jump to section:

1. What's next for these digital banks? How will this evolve in Singapore?

Video transcript

1. What's next for these digital banks? How will this evolve in Singapore?

Digital banks have come in with a couple of key services. For example, we see something like “transfer-wise” offering FX opportunities, allowing users to send money globally. I think the services that they're now adding are going to broaden the depth of their offering. Wealth management services are the next obvious step. They've already introduced credit cards and debit cards onto their service platforms. But having the capability to offer a wealth service, when they're already holding accounts there, is something that could potentially be a Robo-advisory type of service that they will provide. I think there's scope for investment opportunities from some of those services, as well as in insurance and other products that will be added as they go forward. Really, it’s widening an entire ecosystem of services and products onto that original capability that they have.

Latest Articles

Latest News