UK-headquartered open banking platform Railsbank has revealed that that Singapore-based Aspire has become the first SME-focused challenger bank in South-East Asia to use its Singapore dollar bank accounts.
Aspire has been developed to provide digital-savvy businesses with a mobile-first business account and will collaborate with Railsbank to complement its digital banking experience for its SME customers.
“We are especially pleased to be able to offer our customers Singapore Dollar (SGD) bank accounts and Aspire is a great example of the sort of dynamic customer we like to do business with,” said Railsbank names Aspire as its first SME-focused challenger bank customer in South-East Asia. “They are one of the companies which is setting a fast pace in the APAC region and we look forward to helping them fuel their continued growth.
“We consider it a great achievement that although we have been in Singapore for such a short time, we have introduced these bank accounts. We are also having a great dialogue with companies throughout the whole region on how to leverage Banking as a Platform.”
Andrea Barconchelli, CEO and co-founder of Aspire, added, “We are excited to partner with Railsbank in Singapore to complement our regional digital SME banking offering. Great to see leading open banking companies such as Railsbank setting up shop in SouthEast Asia. We see enormous value to be created in the next few years by improving banking experience for our business users in SEA.”
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