Trust Bank partners with Sourced Group, an Amdocs Company to launch as Singapore’s first digital bank

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Trust Bank partners with Sourced Group

SINGAPORE, October 27, 2022 – Sourced Group an Amdocs Company (Sourced), a global IT consulting firm specialising in large-scale cloud transformations, is proud to have partnered with Trust Bank (Trust) on their digital journey to launch as the first of Singapore’s new wave of digital banks.

Backed by Standard Chartered Bank and FairPrice Group, Trust was born in the cloud and uses the latest Amazon Web Services (AWS) technology. Trust launched on the 1st of September with a range of products for its customers, comprising a credit card, savings account, and family personal accident insurance. During its first month, Trust’s user base grew to over 200,000, with its customers making close to 1 million Trust transactions.

Leveraging AWS technology such as Web Application Firewall, Config and CloudTrail, Trust can deliver a world-class customer experience and cutting-edge security. Its partnership with Sourced has helped enable this modern platform and rapid response to its customers’ needs, in line with Singapore’s ambitions to further strengthen its financial sector for the digital economy of the future.

Rajay Rai, CIO of Trust Bank on Sourced Group:

“We are glad to have the support of Sourced in leveraging the latest cloud technology to build a modern digitally-native bank. Sourced has helped us create a collaborative and dynamic culture that balances decision-making with agility. This helps us to respond rapidly to customer needs and continuously improve the Trust experience.”

To learn more about Sourced Group, an Amdocs company visit

About Sourced Group

Sourced Group, an Amdocs company is an award-winning global cloud consultancy that helps enterprises make the most of cloud services with a focus on security, governance and compliance. With offices in globally we provide professional services for securing, migrating and managing the cloud infrastructure of large enterprise customers. We specialize in configuration management, automation, cloud computing and data management for a wide range of industries, including financial services, media, transport and telecommunications companies. By utilising our proven deployment frameworks, and trusted design patterns, we work with the largest and most security conscious organisations to unlock innovation through cloud computing.

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