Tag "digital banking"
43 New Challenger Banks Have Entered the Market This Year
Over the past year, 43 new digital challenger banks have been launched around the world, bringing the total number of players to 291, data acquired by Finbold, a platform that covers news on finance, cryptocurrencies and fintech, show. The figure
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E-Commerce Boom Propelling Digital Payments Adoption in Southeast Asia
Southeast Asia (SEA) is experiencing exponential growth in digital payments encouraged by a booming e-commerce scene. The region is now home to some of the world’s largest online marketplaces in some of the fastest-growing economies like Indonesia, Malaysia, Singapore, and
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Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets
Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use of digital assets for payments, as well as relaxing regulation
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Indonesian Lenders Ride the Digital Banking Momentum
Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and use the digital momentum created by the COVID-19 pandemic to
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Digital Banking Reaches New Level of Maturity in APAC
In Asia-Pacific (APAC), the COVID-19 pandemic has brought the digital banking industry to a new level of maturity with penetration now approaching 90% across the region. This surge was largely driven by emerging markets, where adoption soared 33% points between
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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push
Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and
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Southeast Asia Enters Digital Banking Era
The transformation of consumer expectations and incumbent banks’ slowness to meet evolving consumer needs are creating significant opportunities for Southeast Asia’s new and upcoming digital banks, a Boston Consulting Group (BCG) study found. A survey of 3,250 consumers and 1,350
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In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks
Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.
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Digital Banking in Asia Sees Prime Time
Digital banks are proliferating in Asia on the back of favorable regulatory changes, market liberalization pushes by governments, and enhanced digital penetration by consumers. In Singapore’s digital banking race, the Monetary Authority of Singapore granted 4 digital banking licenses with
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eKYC to Fuel Asia’s Digital Banking Revolution
In Southeast Asia, governments are pushing for greater adoption of digital financial services by introducing favorable regulations on digital onboarding, digital banking, and more, experts said on December 3, 2020. During a virtual panel discussion with Fintech News last week,
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