Singapore's neobanks are companies that have cut their teeth outside of finance

Singapore's neobanks are companies that have cut their teeth outside of finance

A passenger sits next to Grab corner sign as he waits for a Grab bike. REUTERS/Beawiharta

The new generation of digital lenders coming up in Singapore will be watched keenly, and not just for their novelty value. If they succeed, regulators globally will have to accept that boundaries between commerce and banking will get fuzzy — and decide how the resulting risks will have to be managed.