We told you about the wholesale banking landscape in our conversation with ANEXT Bank a couple of months back. Now this time, we’re going to turn our attention to look at the digital retail banking sector. 

Our guest for today is Trust Bank, which is the digital bank backed by Standard Chartered and FairPrice Group. 

The bank had breached the S$1 billion mark in deposits in early May, with over 500,000 customers signing up, with over 70 per cent of customers coming through referrals. 

Meanwhile, the company also set a goal to become the fourth largest retail bank in Singapore by customer numbers by the end of next year. It also intends to breakeven by 2025.

Question is – how does it intend to do so with a focus on the mass market and how will it reduce its customer acquisition costs along the way?

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down withDwaipayan Sadhu, CEO, Trust Bankfor more. 

We told you about the wholesale banking landscape in our conversation with ANEXT Bank a couple of months back. Now this time, we’re going to turn our attention to look at the digital retail banking sector. 
Our guest for today is Trust Bank, which is the digital bank backed by Standard Chartered and FairPrice Group. 
The bank had breached the S$1 billion mark in deposits in early May, with over 500,000 customers signing up, with over 70 per cent of customers coming through referrals. 
Meanwhile, the company also set a goal to become the fourth largest retail bank in Singapore by customer numbers by the end of next year. It also intends to breakeven by 2025.
Question is – how does it intend to do so with a focus on the mass market and how will it reduce its customer acquisition costs along the way?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Dwaipayan Sadhu, CEO, Trust Bank for more.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Under the Radar: Trust Bank’s CEO Dwaipayan Sadhu on Trust Bank crossing S$1b in deposits; To become 4th largest retail bank by end 2024; To breakeven by 2025; Managing customer acquisition costs; Positioning against GXS Bank and MariBank; Interest rates vs inflationary environment

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