Search Results for "virtual banking"
Virtual Banking and Security in the Post-Cash Age
Virtual banking is one of the fastest-growing financial innovations, with a quarter of adults in some countries now having a digital-only bank account. The global total of virtual banking customers will pass 2.5 billion by 2024, with the number of
Read MoreVirtual Banking in Hong Kong: How it Paved the Way for Asia
We were joined by C-Levels of Hong Kong’s newly launched virtual banks
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In Southeast Asia’s Virtual Banking Race, Incumbents Might Have An Early-Mover Advantage
In Southeast Asia, the imminent entrance of virtual banks is set to shake up the banking industry. But despite the potential disruption these are expected to bring, incumbent banks have a lead in the digital banking race, according to a
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Philippines’ Lawmaker Pushes for Virtual Banking Regulation
Albay Representative Joey Salceda on Monday filed a measure providing a regulatory framework for virtual banking to boost the financial inclusion thrust pursued by the Bangko Sentral ng Pilipinas. Salceda, chairman of the House Committee on Ways and Means, filed
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Who Will Be the Ultimate Winner of Asia Pacific’s Virtual Banking Race?
Ever since Hong Kong issued 8 virtual banking licenses earlier this year, regulators around Asia are clamoring to come up with their own framework to facilitate this new breed of banks. While Hong Kong has reinvigorated Asia’s interest in virtual
Read MoreLessons Singapore Could Learn from Australia as It Mulls Its Own Virtual Banking License
While virtual banking is not a completely new phenomenon, discussions about it has re-entered mainstream conversation ever since Hong Kong issued 8 virtual banking license in the second quarter of 2019. In light of the growing popularity of virtual banks,
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Is OCBC Teaming Up with Singtel to Apply for a Virtual Banking License?
Singapore’s second largest bank OCBC and largest mobile network operator Singtel may be joining forces to apply for a virtual banking license, according to a Bloomberg report. In June 2019, Singapore announced that they will be issuing 5 virtual banking
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Monetary Authority of Singapore to Issue up to 5 Virtual Banking Licenses
Speaking at the 46th Annual Dinner of the Association of Banks, Senior Minister Tharman Shanmugaratnam who is also the Chairman of the Monetary Authority of Singapore announced that they will be issuing up to 5 virtual banking licenses. This announcement
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Singapore PM Confirms That Central Bank is “Seriously Studying” Virtual Banking License
Singapore has already expressed their interest issuing virtual banking licenses, which could potentially admit fintech firms without a traditional bank branch at its core. Now, Singapore’s Prime Minister Lee Hsien Loong has confirmed that the Monetary Authority of Singapore (MAS)
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Singapore is Now Considering Virtual Banking Licenses Too—Here’s Why
The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market before the year
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