Singapore’s retail banking industry is one of the most competitive in the world. It boasts more than 110 banks, which many are leveraging international expertise and resources to compete in the market. Singapore’s developed retail banking sector is also highly innovative and customer centric compared to its Asian neighbors and even compared to Western nations with NFC taking off and banks heavily utilizing data analytics to achieve a holistic view of their clients. What is next for Singaporean banks? Where is the retail industry going? We attempt to answer these questions. We see this as an opportune moment to write this report that outlines the current trends and forecast the future of Singapore’s retail banking industry.
This report not only provides data about Singapore’s retail banking sector, but it also includes a sophisticated analysis on the statistics, which adds an accurate story and meaning behind the numbers. This report outlines major trends, challenges, and opportunities about Singapore’s credit card market; debit card competition, the role of branches in Singapore, the mortgage market, the wealth management landscape, the development of mobile banking, in addition to showcasing the strategies and weaknesses of the banks’ strategies. This report is an indispensable tool for any banker in Singapore, technology vender, or researcher who requires the latest analysis and data on the Singaporean retail-banking sector.
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Reasons to Invest in This Intelligence.
The Dragon Banker’s retail banking database is an unparalleled resource and the leading database of its kind. We acquire this information through lengthy interviews with leaders in Singaporean retail banking departments, commercial banking departments, private banking arms, wealth management sectors, and via conversations with regulators.
We have acquired data and information from leading scholars within the country, and a survey that targets decision makers who are relevant in the retail banking market in Singapore. With our primary research as the foundation of our intelligence and analysis, we are able to obtain an unsurpassed level of granularity, insight and authority on the retail banking market in each of the countries and regions we cover.