Tag "digital bank"

State-Owned Overseas Filipino Bank to Become a Fully Digital Bank by 2020

The Overseas Filipino Bank (OFBank), a state-owned bank and a subsidiary of Land Bank of the Philippines, is planning to become a fully branchless, digital lender by mid-2020. Currently pending approval from the Bangko Sentral ng Pilipinas (BSP), the country’s

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Smaller Banks in Singapore Are at Risk As Fintechs Eye Digital Banking License

Competition is heating up in Singapore’s digital banking landscape as an increasing number of fintechs including e-wallet operators and payment services providers are looking to apply for when applications open in August. Liquid Group, Xfers, MatchMove Pay and FOMO Pay are

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Vietnam’s Digital Bank Timo Celebrates Its Third Birthday

Three years have passed since Lifestyle Project Management and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) launched Timo, the country’s first bank that has no traditional branches or transaction offices. Formed in March 2015, Timo officially opened its doors in

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Bank Of Asia Launches Fully Digital Offshore Banking From a Tax Haven

Bank of Asia, a fully digital cross-border bank, will be having its official launch in the British Virgin Islands after being awarded the only banking license in the territory within two decades by the British Virgin Islands Financial Services Commission.

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The Hottest Digital Bank in Vietnam Just got Funding and a new Partner

Sun Life Vietnam Insurance Company Ltd. has entered into a 3-year partnership with Global Online Financial Solutions Ltd., the owner of Vietnam’s digital banking platform Timo. The partnership enables Timo to offer life and health insurance products and provide its customers

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Digital Bank Timo Targeting Vietnam’s Millennials, The “Simple” for Vietnam

Vietnam’s first digital bank Timo – which stands for “time is money” – has on-boarded 4,000 customers since launching earlier this year, highlighting the appetite of Vietnam’s millennial generation for all things mobile. Their story reminds of successful US digital only banks such

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