virtual bank
Digital banking platform market set to grow to $168.3b by 2032
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.
Vietnam’s two-year fintech sandbox takes shape
The trial, which will take effect on 1 July, is a step in the right direction.
High banking fees hinder Thailand’s financial inclusion
Virtual banks could disrupt costly banking norms.
Convenience boosts high virtual bank adoption in Singapore, Hong Kong
Competitive rates and streamlined services drive digital banking popularity
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
Bank of Thailand issues consultation paper on virtual bank licensing
BOT is inviting comments and suggestions on the proposed framework by 12 February.
Grab, Singtel-led digital-only bank GXS debuts in Singapore
It has launched a savings account with a customizable pockets feature.
Virtual banking trumps branch banking in Southeast Asia: study
But less than half of consumers are impressed with the digital financial services currently offered.
Commentary
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
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