Digital Bank
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.
                    
                                        
                    
                Rising interest rates births more challenges for Asia's digital banks
                                                                                                 
                        
                        Few manage to break even, and those that do are back by conglomerates.
                    
                                        
                    
                Grab, Singtel-led digital-only bank GXS debuts in Singapore
                                                                                                 
                        
                        It has launched a savings account with a customizable pockets feature.
                    
                                        
                    
                Singapore wholesale digital-only bank Green Link Digital Bank debuts
                                                                                                 
                        
                        The wholesale bank targets micro, small, and medium enterprises.
                    
                                        
                    
                Malaysia’s new digital banks fated to remain niche in medium term
                                                                                                 
                        
                        Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
                    
                                        
                    
                4 in 5 Singaporeans prefer online methods of banking: survey
                                                                                                 
                        
                        Less than one in ten, or only 4%, concentrate their banking activities at the ATM.
                    
                                        
                    
                Hong Kong neobank ZA Bank launches early payday product
                                                                                                 
                        
                        Users can get their monthly payroll up to seven days in advance, interest-free.
                    
                                        
                    
                Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services
                                                                                                 
                        
                        Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.
                    
                                        
                    
                Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
                                                                                                 
                        
                        LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.
                    
                                        
                    
                UnionBank clinches Philippines’ 4th digital bank license
                                                                                                 
                        
                        UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
                    
                                        
                    
                Southeast Asia’s neobank market to grow 50% in 2021
                                                                                                 
                        
                        Funding and winding down of the pandemic’s impact on the economy will push this market.