Digital Bank

India rejects 2 applicants for a small finance bank licence

Two other applications remain under examination.

India rejects 2 applicants for a small finance bank licence

Two other applications remain under examination.

Did digital banks fail to disrupt?

Most became niche players, yet served their regulatory purpose, said McKinsey associate partner Hernán Gerson.

Rising interest rates births more challenges for Asia's digital banks

Few manage to break even, and those that do are back by conglomerates.

Grab, Singtel-led digital-only bank GXS debuts in Singapore

It has launched a savings account with a customizable pockets feature.

Singapore wholesale digital-only bank Green Link Digital Bank debuts

The wholesale bank targets micro, small, and medium enterprises.

Malaysia’s new digital banks fated to remain niche in medium term

Regulatory limits and competition make it unlikely to break into the mainstream until 2026.

4 in 5 Singaporeans prefer online methods of banking: survey

Less than one in ten, or only 4%, concentrate their banking activities at the ATM.

Hong Kong neobank ZA Bank launches early payday product

Users can get their monthly payroll up to seven days in advance, interest-free.

Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services

Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.

Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks

LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.

UnionBank clinches Philippines’ 4th digital bank license

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.

Southeast Asia’s neobank market to grow 50% in 2021

Funding and winding down of the pandemic’s impact on the economy will push this market.

Internet-only lender K-Bank’s users rise by over 2 million in Q2

As of end-June the banks said that it has over 6.19 million customers.

Grab-Singtel, iFAST apply for Malaysian digital bank license

Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.

Japan's LINE launches digital bank in Indonesia

Indonesia is the third market in which LINE Bank is operating.

UNObank clinches Philippines’ third digital bank license

Parent DigibankASIA will work alongside partners Mambu, Backbase, and AWS in developing its services.