All posts tagged "Digital Banks"
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710Fintech / RegtechMAS Opens Applications for Digital Bank Licences
Successful applicants will be announced in mid-2020, with the expectation that they meet MAS requirements and commence business by mid-2021.
August 30, 2019 -
582Asia-PacificPhilippines to Relaunch OF Bank to Create Digital-only Bank
The Overseas Filipino Bank was launched in January to cater to overseas Filipino workers, who will more easily be able to access digital-only services.
August 14, 2019 -
940Big PictureSingapore: Two-Thirds of Consumers Willing to Try Digital Banks
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
August 3, 2019 -
923FeatureTaiwan Issues First Three Digital Bank Licences
The three digital only bank licences went to conglomerates led by Japan's LINE Group; Taiwan's Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.
July 31, 2019 -
1.0KAsia-PacificCompetitive Dynamics in Banking Intensify Across APAC: S&P Global
Indigenous virtual banks, global digital-only banks, and digitised traditional banks are all vying for market share, says a new report from S&P Global Ratings.
July 18, 2019 -
523Fintech / RegtechKorea to Enhance Transparency of Digital Bank Evaluations
The FSC has announced changes to the operational procedures of its evaluation committee for internet-only bank, amid plans to reopen applications for new licences on 10 October.
July 18, 2019 -
3.3KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
885Big PictureSingapore Digital Banks to Disrupt Smaller Incumbents the Most
Singapore's big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody's Investors Service.
July 4, 2019 -
1.8KFintech / RegtechMAS to Issue Up to Five Digital Bank Licences
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
July 1, 2019 -
620Capital RegulationTaiwan Regulator Eyes Digital-Only Bank Regime
Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.
January 24, 2018
