SINGAPORE: Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China's Ant Group in the affluent city-state.

The companies unveiled Trust Bank - owned 60% by the London-headquartered lender and the rest by Singapore-based supermarket FairPrice Group and its parent NTUC Enterprise - that offers a savings account, credit card, and a family personal accident insurance.