Digital bank Trust launches in Singapore

The new bank is backed to the tune of S$400 million by shareholders Standard Chartered Bank, FairPrice Group and NTUC Enterprise

Trust, a new digital bank backed by Standard Chartered Bank and FairPrice Group, has launched in Singapore.

The digital bank launched with an offering that includes a credit card, savings account and family personal accident insurance.

It aims to bring a new standard of banking to Singapore and enable significant savings on everyday expenses through the FairPrice Group and Income ecosystems.

Backed to the tune of S$400 million by shareholders Standard Chartered Bank, FairPrice Group and NTUC Enterprise, Trust is able to give its customers access to deals on items such as groceries.

Commenting on the launch, Dwaipayan Sadhu, chief executive officer of Trust, said: “We are hugely excited to launch Trust in Singapore and delighted to introduce a breakthrough client experience enabled by our best-in-class technology platform.”

“Through listening to our customers and by leveraging the strengths of our partners, we are committed to bringing real tangible value to our customers in Singapore through accessibility and convenience, and making Trust a part of their everyday lives.”

Image: Trust

Mark Dugdale