Tag "digital challenger banks"
There Are Only 11 Profitable Challenger Banks In Asia — Here’s The List
Most digital challenger banks around the world are struggling to turn a profit, hampered by high customer acquisition costs, burdensome regulatory compliance requirements and limited revenue streams. Boston Consulting Group (BCG) estimates that a mere 5% of over 450 global
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Only 5% of The World Challenger Banks Are Profitable, Most of Them Are From Asia
Out of the 50 digital challenger banks operating in Asia Pacific (APAC), just ten operators are profitable. These providers are primarily located in China and Japan, indicating that the two nations offer the most mature and developed digital banking landscapes
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