Digital Bank
MariBank Philippines transitions to a digital bank license
MariBank Philippines transitions to a digital bank license
It commenced operations as a digital bank on 18 July.
NAB’s Ubank expands Passkeys feature to online banking
The digital bank now enables fingerprint or facial recognition logins online.
Why digital banks are becoming mobile service providers
A compelling neobank operator uses mobile connectivity as a cross-leveraged product.
Digital banking platform market set to grow to $168.3b by 2032
Growth in internet users and the shift to online banking will drive its expansion.
Krungthai Bank and partners establish virtual lender Clicx Bank
Clicx Bank has a registered capital of THB50m to start.
Gen Zers spur banking reinvention
Young consumers are changing financial norms and expectations.
Vietnam’s two-year fintech sandbox takes shape
The trial, which will take effect on 1 July, is a step in the right direction.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Trust Bank introduces money lock feature with digital unlocking capabilities
They need their app and card to unlock their money.
Grab, Singtel-backed Super Bank mulls IPO: report
The Jakarta-based digital bank may raise up to $300m, sources said.
Flooding impact on Thai banks ‘manageable’
Only a small number of branches have been affected.
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
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.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
Commentary
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
From stablecoins to sovereignty: The rise of trust-based digital dollar systems
Indonesia’s banks need faster fraud decisions as digital payments grow
China’s leasing giants are growing up — and Asia’s banks can’t look away
Adapting to change with confidence
Asia plays part in $129t global credit market pool