On August 22, Trust Bank – the digital bank backed by Standard Chartered and Singapore’s FairPrice Group – sent out invitations for its launch event on September 1, held in a pop-up tent outside the Vivo shopping centre.
Two days later, GSX – the new digital bank backed by Grab and SingTel – sent out its own invitation, for the day before Trust Bank’s, at the Grab headquarters in Singapore’s hi-tech One-North business park.
The timing appeared to grate slightly with the Trust Bank team, who were quick to allude to the fact that GSX’s launch event came several days before the actual launch of its app, which would come five days later.
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