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flag Fintech startups challenge Singapore's private banks with cheaper, AI-driven apps for wealthy investors.

flag Fintech firms like Moomoo and Arta are challenging traditional private banks in Singapore by offering wealthy investors feature-rich, AI-powered apps at lower fees. flag Backed by prominent investors, these firms aim to tap into the $21.7 trillion in assets owned by high-net-worth individuals in Asia-Pacific. flag They offer services similar to private banks but with more accessible and cost-efficient digital solutions.

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