GXS vs Trust: A comparison between the two digital banks, an...

GXS vs Trust: A comparison between the two digital banks, and should you sign up for one? Competition in Singapore's banking space is heating up with the arrival of digital banking on its shores. It joins the likes of Hong Kong and the United Kingdom in embracing digital-only financial services and positioning itself as a regional centre for fintech innovation. For the uninitiated, digital banks are banks that exist entirely online without any physical branch operations, such as the ones you may be accustomed to with traditional banks. All banking activities, including customer service, are conducted through the digital bank's respective apps. The past month alone saw two rival digital banks, Trust and GXS, launch their respective apps just days apart. Trust Bank is the product of a unique joint venture between Standard Chartered and FairPrice Group, while GXS is formed by the Grab-S...