ANEXT Bank: Tech-Led Bank Enabling MSME Growth (Initiation)
Strategic Positioning and Model: ANEXT Bank (“ANEXT”), a wholly-owned subsidiary of Ant International, is a Singapore-based digital wholesale...
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GXS Bank: Playing Catch up to Scale (Initiation)
Strategic Leadership Transition: GXS Bank (“GXS”) is undergoing a pivotal leadership shift in mid-2025, with Group CEO Muthukrishnan Ramaswami...
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Green Link Digital Bank: Early Signs of Stability (Initiation)
Operational Maturity and Path to Profitability: As of this report, Green Link Digital Bank (“GLDB”) has can be seen to be successfully...
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GXS Bank: Ecosystem Integration Is Key to Sustained Robust Growth (Update)
Ecosystem Monetisation Tracks on Course: Between 16 January and end-June 2026, developments broadly validate our initiation thesis on GXS...
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