Digital Bank
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
India rejects 2 applicants for a small finance bank licence
Two other applications remain under examination.
Did digital banks fail to disrupt?
Most became niche players, yet served their regulatory purpose, said McKinsey associate partner Hernán Gerson.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
Grab, Singtel-led digital-only bank GXS debuts in Singapore
It has launched a savings account with a customizable pockets feature.
Singapore wholesale digital-only bank Green Link Digital Bank debuts
The wholesale bank targets micro, small, and medium enterprises.
Malaysia’s new digital banks fated to remain niche in medium term
Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
4 in 5 Singaporeans prefer online methods of banking: survey
Less than one in ten, or only 4%, concentrate their banking activities at the ATM.
Hong Kong neobank ZA Bank launches early payday product
Users can get their monthly payroll up to seven days in advance, interest-free.
Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services
Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.
Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.
UnionBank clinches Philippines’ 4th digital bank license
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
Southeast Asia’s neobank market to grow 50% in 2021
Funding and winding down of the pandemic’s impact on the economy will push this market.
Commentary
Breaking barriers: Building the future of cross border payments in Southeast Asia
AI Governance: Navigating the Balance Between Innovation and Ethics