17 May 2023
Under the Radar: Ant Group-backed ANEXT Bank’s CEO on competing using interest rates; Wholesale banking trends and ANEXT bank’s focus on SMEs; Ant Group pouring US$188m in additional funding
We want to talk about the banking sector and in particular the digital banking sector which has gained traction in recent years.
You may be familiar with Grab and Singtel’s GXS, Sea Group’s MariBank, as well as Standard Chartered and FairPrice Group backed Trust Bank.
Aside from these banks catering to retail customers, Singapore also has two wholesale digital banks, namely Ant Group’s ANEXT Bank and Green Link Digital Bank, catering to SMEs and non-retail customers.
But what is the wholesale banking landscape right now, and how are industry players positioning themselves to gain a foothold in this field? What do the recent volatilities in the banking sector mean for wholesale banks targeting SMEs?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Su Mei Toh, CEO, ANEXT Bank for more.

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