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Digital Challenger Banks encounter challenges
Only 13 out of 249 digital challenger banks are profitable, BCG says. Of these, 10 are in Asia. All 13 have strong backers
October 11, 2021
Disruption and Digitalisation
Interest in digital bank licences high; applicants see opportunity as local banks extend their lead
On Jan 7, the Monetary Authority of Singapore (MAS) announced that it had received seven applications for the two digital full bank (DFB) licences on offer, and 14 applications for the three digital wholesale bank (DWB) licences.
January 10, 2020