Digital Bank

Bank of Asia Launches Digital Global Bank in British Virgin Islands

One of the world’s first fully digital, global banks set to serve cross-border business Bank of Asia meets the highest Know Your Customer (KYC) and Anti-Money Laundering (AML) international standards Fintech-driven platform provides user-friendly services not available with traditional banks The British Virgin Islands is pleased to announce the lau.

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Chase All-mobile Bank, Finn, Rolls Out Nationwide in Search of Millennials

Forget the teller. Bypass the local branch. Chase is rolling out its all-mobile bank, Finn, nationally in an effort to woo millennials who are comfortable running their financial lives online.

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Bank Reincarnation: The Best Way to Become a Digital Bank

There was an interesting discussion at Money2020 about Business Reincarnation. Its a rather dramatic term, especially if you dont believe in reincarnation, but it does help visualise the idea. Like a Phoenix from the ashes, a bank needs to die and reincarnate itself to survive this digital revolution. This theme came up several times.

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Digital Banking Transformation Creating New Systemic Risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

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First Wave of Neobanks Resets for New Offensive

Is a revolution some thought was fizzling out on the resurgence again?The so-called neobank movement — digital startup challengers that deliver banking products outside the traditional system — can be said to have started in 2009, when John Reich, an Australian software developer and hedge fund quant who was appalled at the complexity of American […]

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Revealed: The First Details of RBS’s Next Gen Challenger Bank

RBS aims to move 1 million NatWest customers onto its new mobile bank, The banking giant believes it can make significant per-customer cost savings versus NatWest, A beta of the RBS mobile bank is on target for Q3, but it’s unclear whether this will be open to the public, Rather than lending, its business model […]

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Survey Reveals Brits Are Aware of Digital Banks, but Aren’t Convinced

Interest in digital-only banks like Monzo, Revolut and Atom, has never been higher. But a new survey, conducted by MoneySuperMarket, has revealed that, while a large proportion of the British public are aware of digital banks, theyre not quite willing to commit to them just yet.

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