Tag "Kakao Bank"
How Digital Banks in Asia are Redefining Banking with Unique Business Models
The digital banking landscape in Asia is a vibrant and diverse ecosystem, contrasting significantly with its Western counterparts. In the Asia-Pacific (APAC) region, 11 out of the 13 profitable digital banks, including South Korea’s Kakao Bank, India’s Paytm Bank, and
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As Challenger Banks Grow In Popularity, Incumbents Must Innovate
Using technology and digital channels, challenger banks are reimagining banking, delivering superior digital customer experience and challenging incumbents to reinvent themselves. These are growing in importance and incumbents must “transform themselves from slow moving caterpillars to agile butterflies,” according to
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Neo Banks and Challenger Banks in Asia: Ready for Prime Time?
When challenger banks were first introduced to the markets in Europe many pundits have touted it (perhaps over-enthusiastically) the destroyers of banks. Promising to upend the banking sector as we know it and drastically transform the way consumers experience financial
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8 Hot Neo and Challenger Banks in Asia
The collective customer base of the neo and challenger banks is expected to grow at a CAGR of 50.6% from 2017-2020, a growth that will be driven by factors such as favorable government regulations, convenience offered to consumers and higher
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