Tag "digital banks"
Competition Heats up in Australia’s Neobanks, Digital Banks Market
Since 2019, a wave of digital banks have arrived in Australia on a back of favorable legislation changes which took place in 2018. Today, Australia is home to five independent, licensed neobanks, in addition to a plethora of digital banking
Read More
DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
Read More
Digibanks are Coming to Singapore and It Promises to Shake up the Banking Industry
With Singapore set to deliver its first digital banking licenses later this year, the city-state is preparing for a new era in banking. In June 2019, the Monetary Authority of Singapore (MAS) announced that it would issue up to five
Read More
Digital-First, Challenger Banks in Asia
Asia’s banking landscape is on the verge of a major transformation as regulators introduce new rules to open up the market and welcome new digital-only, challenger banks. The following list aims to provide a comprehensive overview of Asia’s challenger banks
Read More