Trust Bank
Trust Bank is a Singapore digital bank launched as a joint venture between Standard Chartered and Sea Limited (Garena/Shopee). It offers mobile retail banking integrated with Sea’s consumer ecosystem and is one of Singapore’s licensed digital banks.1
History
Trust Bank won a Singapore digital-bank licence and launched in 2022, pairing Standard Chartered’s banking expertise with Sea’s regional consumer reach via Shopee and related apps.2
Ownership
Trust Bank is jointly owned by Standard Chartered and Sea. It is an incumbent–tech JV digital bank rather than an independent startup challenger.
Licence
Trust Bank holds a full digital bank licence from the Monetary Authority of Singapore and takes deposits under Singapore’s deposit insurance framework.
Products
Products include deposits, debit cards, spending insights and promotions tied to Sea/Shopee merchant ecosystems.
References
- Trust Bank is a Singapore digital bank JV of Standard Chartered and Sea. https://trustbank.sg/
- Trust Bank launched in 2022 under Singapore's digital bank framework. https://www.mas.gov.sg/
Frequently asked questions
- What is Trust Bank?
- Trust Bank is a Singapore digital bank backed by Standard Chartered and Sea Group.
- Where is Trust Bank headquartered?
- Trust Bank is headquartered in Singapore.
- What type of company is Trust Bank?
- Trust Bank is described as Licensed digital bank in its neobank.wiki profile.
See also
- Airwallex — Airwallex is an Australian-founded business fintech for global accounts, payments and spend management.
- Alex Johnson — Alex Johnson is the founder of Fintech Takes, a widely read fintech newsletter and podcast; he is active on X as @AlexH_Johnson.
- Alexandre Prot — Alexandre Prot is co-founder and CEO of Qonto, the Paris-based European business neobank.
- Ali Niknam — Ali Niknam is founder and CEO of Bunq, the Amsterdam-based licensed Dutch neobank.
- Ally Bank — Ally Bank is a large U.S. online bank offering deposits, loans and investment products without branches.