Tag "digital banking"
A List of Digital Banks in Asia
Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack
Read More
Entrust Report Highlights Shifting Consumer Trends in Banking and Payment Tech
The Entrust Cybersecurity Institute has recently published the Digital-First Banking report, which is a comprehensive analysis of the evolving preferences and attitudes towards digital banking. Financial services’ cybersecurity specialists Entrust has the Cybersecurity Institute research house to curate insights for
Read More
India, Singapore, Hong Kong Among Top 5 Biggest Adopters of Digital Banking
Consumers in India, Singapore and Hong Kong are among the world’s biggest adopters of digital banking, ranking second, fourth and fifth respectively in penetration rate, a global study conducted by Australian comparison website Finder found. The study, which polled more
Read More
India Neobanking Sector Poised for 50.5% Annual Growth Through 2025
India’s neobanking market has been growing at a fast pace, driven by rapid change in technology, growing levels of Internet and smartphone penetration and supportive government initiatives. Accounting and consulting firm Grant Thornton estimates that the Indian neobanking market was
Read More
How Much Does It Cost to Build a Digital Bank in ASEAN?
In the face of a gloomy international economic forecast and a dwindling liquidity pool, profitability has become a pressing concern for the chief executive of any digital bank emerging in the ASEAN region. Digital banking is in its nascent stages
Read More
iFast Launches Cross-Border, Multicurrency Digital Banking Platform
iFAST Global Bank (iGB), the digital banking division of Singaporean wealth management fintech firm iFAST Corporation Ltd., has introduced a Digital Personal Banking (DPB) platform to expand its financial ecosystem. The DPB platform will provide online personal banking services to
Read More
Digital Bank CEOs Share Top 5 Trends Shaping the Future of the Industry
In Asia, digital banking has been a growing industry over the past couple of years, owing to soaring demand for online and mobile alternatives, and positively evolving regulation. However, the current macroeconomic environment, marked by rising inflation and a looming
Read More
India Bets on Digital Banking to Improve MSME Access to Finance
India, a world leader in digital payments and fintech innovation, is entering the next phase of its digital finance transformation, now eyeing the prospects of digital banking to address the credit gap faced by micro, small and medium-sized enterprises (MSMEs).
Read More
Kerala Embraces Digital, as India’s Banking Ambitions Grow
Even as India is going about the implementation of 75 fully digital banking branches throughout the country, including making allocations for rural areas in the 2022-2023 budget, Kerala claims it has emerged as the first state in India to go
Read More
Bigtechs vs Banks: APAC Consumers’ Trust in Financial Services Shifts
In Asia-Pacific (APAC), banking customers are demanding better online experiences and showing willingness to share their personal data if that means being provided with personalized products and services. Customers are also demonstrating increased trust in bigtech companies to fulfill their
Read More