Digital banking
Digital banking adoption grows steadily with no major changes
Digital banking users are expected to reach 3.6 billion globally this year.
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
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.
St. George Bank tops Australian banks in digital experience net satisfaction: study
Auswide Bank received a negative net satisfaction score for their range of digital products.
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
Retail bank sales fall as digital struggles to fill branch banking hole
Digital sales rose to a new record, but could not offset fall in branch sales.
30% of Singaporeans to have digital bank accounts by 2023
In 2022, the percentage of adults who have a digital bank account climbed to 21%.
Standard Chartered Hong Kong sees metaverse as future of banking
Banks can make use of AR/VR to offer more personalised services from the safety of clients' homes.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
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.
Enterprise Agility: How Digital Banks Can Stand Out from the Crowd
Although digital banks have captivated financial institutions and end-customers alike, the concept often means different things to different people.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
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.
FSI Conference 2021 features discourse on digital transformation in the banking and finance industry and an exclusive presentation from Bain & Company
This two-hour digital conference will happen on 1 December 2021.
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