Digital Bank

All 3 banks reported narrower losses in 2023.

After the initial novelty and rewards, digibank users are likely to revert to their old bank.

Natalia Goh takes over from Zheng Yudong, who will remain an advisor.

Two other applications remain under examination.

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

The neobank now has 8.49 million customers.

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

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

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

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

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

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

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

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.

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

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