Digital banking

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.

More than one in three APAC SMEs consider switching to fintech.

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

Understanding the needs of SMEs is key to a bank’s sustainability—and even success—during the current crisis.

But less than half of consumers are impressed with the digital financial services currently offered.

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