Digital banking

Auswide Bank received a negative net satisfaction score for their range of digital products.

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

Digital sales rose to a new record, but could not offset fall in branch sales.

In 2022, the percentage of adults who have a digital bank account climbed to 21%.

Banks can make use of AR/VR to offer more personalised services from the safety of clients' homes.

Default transaction limit for online fund transfers must be set to S$5,000 or lower.

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

Although digital banks have captivated financial institutions and end-customers alike, the  concept often means different things to different people. 

Banks are asked to remove links in emails and SMS sent to customers.

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

This two-hour digital conference will happen on 1 December 2021.

The figure is equivalent to 1,510,495 adults in Singapore.

And JPMorgan has bought the college planning platform, Frank.

FIs role as the middleman is under threat as tech firms mull offering financial services.

The roadmap to success for many organizations has been defined by digital transformation. However, since the Covid-19 crisis started, organizations across many industries had to accelerate and redefine their plans to keep pace with the dramatic changes in the business landscape.

This is equal to 5% of the city’s total population.