Singapore FinTech launched digital bank in India

September 01, 2020 | Banking

Written by FinTech Alliance

Singapore FinTech launched digital bank in India

Singaporean FinTech company Atlantis has launched a challenger bank in India.

In Brief:

  • It says it will target millennials, concentrating on the 10mnplus young people working in metropolitan areas and Tier-1 cities.

  • It will sign up just 3000 users within three months as it wants to create a personalised experience for each.

  • More than 5,000 are on the waiting list.

What does this mean?

Atlantis has stated the global millennial banking industry is worth $15.7bn and says with a high proportion of millennials and Gen Z in India being underserved this is a good place to start. It wants to offer “self-driven” solutions for personal finance management.

Read more here.

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