As the Covid-19 pandemic tore through the world, you’d imagine the one country in Southeast Asia that could weather the storm financially would be Singapore. After all, 98% of its population is banked.
However, six in 10 millennials in the city-state are finding it more challenging to manage their money since the pandemic started, according to a study by Standard Chartered bank in December 2020.
This is why Singapore’s banks are now stepping up to help customers with financial planning.
For instance, DBS Bank in April launched launched DBS DBS fortifies NAV Planner with new AI-powered digital investment advisory feature to help retail customers make better investment decisions Read more a new feature on its financial and retirement planning tool NAV Planner, which will provide specific investment recommendations tailored to individual profiles.