Tag "digital banks"
5 Top Fintech Trends in Asia Pacific 2024 – Here’s What’s Shaping the Region
The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. As we enter 2024, there is a sense of cautious optimism
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Uncovering Why APAC Digital Banks Aren’t Making Money
In response to the evolving demands of customers and the need to address the limitations of traditional retail banking, there has been a significant rise in the number of digital-first banks operating in the Asia Pacific (APAC) territories. With over
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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
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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
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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
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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
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