Digital Banking
Revolut’s Youth-Focused Financial App Surpasses 2 Million Users Globally
Global neobank Revolut announced today that its youth-focused financial app designed for individuals aged 6-17, has surpassed two million users worldwide. The <18 app, part of a suite aimed at empowering the next generation with financial literacy, now counts more
Read More
Are Banks Ready for The Big Shift?
The transformation, or more accurately the evolution, of the banking industry is presently underway on multiple fronts, with the sluggish migration of incumbents from inflexible legacy systems to embracing digitalisation for operational efficiency and customer experience, among others, a pressing
Read More
BRImo App by Bank Rakyat Indonesia Now Has Over 30 Million Users
PT Bank Rakyat Indonesia (BRI) has announced that its mobile banking app, BRImo, has reached over 30 million users, as the bank aims to enhance financial inclusion across the country. Since its launch in 2019, BRImo has seen its user
Read More
GXS FlexiLoan Programme Saves Customers S$4 Million in Interest Over One Year
Singapore’s GXS Bank has reported that its GXS FlexiLoan programme has facilitated S$4 million in interest savings for its customers over a 12-month period since its launch in April 2023. The bank, part of the Grab-Singtel digital bank consortium and
Read More
Dwai Reveals How Trust Bank Singapore is Winning Customers Over
In the dynamic arena of fintech, Trust Bank Singapore stands out as a pioneering entity, marking a significant shift in the digital banking landscape under the leadership of banking veteran Dwaipayan Sadhu, commonly referred to as Dwai. Within a span
Read More
Trust Bank Introduces AutoPay for Credit Card Repayments
Singapore’s digital bank Trust has rolled out AutoPay, a feature aimed at simplifying the process of credit card repayments for its users. This development allows Trust Bank‘s users to set up automatic repayments for their credit cards with just a
Read More
Ant Group Injects Another S$200 Million Funding Into ANEXT Bank
Ant Group has further invested S$200 million (approximately US$148 million) into ANEXT Bank, its wholly-owned subsidiary and SME digital bank, according to recent filings with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. The latest investment marks a continued commitment
Read More
Thailand’s Digital Banking License Race Heats Up with Bids from Top Conglomerates
Thailand’s digital banking license has attracted some of the Thailand’s largest conglomerates, including Charoen Pokphand Group (CP Group) and Gulf Energy Development Pcl. This development comes as the Bank of Thailand embarks on a new chapter to inject competition and
Read More
Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
Read More
British Neobank Monzo Reportedly in Talks for US$50 Million Stake Sale to GIC
British digital bank Monzo is reportedly in the advanced stages of discussions to raise around US$50 million through the issuance of new shares to Singaporean sovereign wealth fund GIC. According to an exclusive by The Sky News, the official announcement
Read More