Manish Bhai
Better rates, lower fees not enough for digital banks to make a profit: analyst
Better rates, lower fees not enough for digital banks to make a profit: analyst
Those who can tap into their parents’ customer base have the best chance of success.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. Aussie banks launch digital locks versus online fraud 3. UOB reports flat net profit growth in Q1 despite record fee income 4. J.P. Morgan unveils automated cross-currency payment collection and settling service 5. Sea rebrands digital finance business SeaMoney to MoneeResource Center
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Productive sectors need more capital to stimulate the slowing economy.
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