Dealing with an existential question: What is a bank?

Banks here have made their moves. DBS launched an online marketplace for cars by working with sgCarMart and Carro - becoming in effect the largest direct seller-to-buyer car marketplace in Singapore. OCBC also tied up with telco player StarHub to har
Banks here have made their moves. DBS launched an online marketplace for cars by working with sgCarMart and Carro - becoming in effect the largest direct seller-to-buyer car marketplace in Singapore. OCBC also tied up with telco player StarHub to harness data insight.PHOTO: DBS

New competition like fintechs means it must go beyond its traditional role of just lending to offer other services