Singapore Aims to Shake Up Financial Services Industry

The video discusses the competitive landscape for virtual banks, focusing on regulations and the need to address underserved segments. It highlights the challenges of high capital requirements and the emergence of digital business models across various regions. The role of non-financial companies entering the banking sector is explored, along with the impact of virtual banks in Hong Kong and their potential across Asia.

How does the competition among virtual banks impact consumer choice in the market?

What opportunities do existing banks have in light of the rise of virtual banks?