Digital banking

And JPMorgan has bought the college planning platform, Frank.

FIs role as the middleman is under threat as tech firms mull offering financial services.

The roadmap to success for many organizations has been defined by digital transformation. However, since the Covid-19 crisis started, organizations across many industries had to accelerate and redefine their plans to keep pace with the dramatic changes in the business landscape.

This is equal to 5% of the city’s total population.

More than one in three APAC SMEs consider switching to fintech.

Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.

Understanding the needs of SMEs is key to a bank’s sustainability—and even success—during the current crisis.

But less than half of consumers are impressed with the digital financial services currently offered.

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.

According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast. 

Harish Agarwal, Head of Customer Experience Strategy for SEA, India and Hong Kong, Qualtrics.

The internet-only bank plans to launch mortgages and merchant loan products.

For EY's Asean Regional Managing Partner, digital transformation is not an option today, but a necessity that has been accelerated by the pandemic.

To move forward, the financial services industry should aspire to a "higher bottom line", says Kok Yong.

Funding and winding down of the pandemic’s impact on the economy will push this market.

As of end-June the banks said that it has over 6.19 million customers.