The latest news on digital banking is that the Monetary Authority of Singapore (MAS) has decided to issue up to a maximum of five digital banking licenses, comprising up to two full-bank licenses and three digital wholesale bank licenses.
Read MoreIntroducing b.yond b.yond ecosystem Making the complex simple withone contract + one ecosystem b.yond eliminates the complexities associated with launching a payment value proposition with speed to market by providing one aggregated service offering and one simplified commercial agreement.
Read MoreWhat might digital banking unleash? Are we becoming more exclusionary as we march down the path toward completely digital banking? The debate around cash has been heating up lately.
Read MoreDisruption, especially within technology is often an overused phrase. However, when applied to the world of financial services, there can be little doubt that this sector is being profoundly disrupted thanks to technology.
Read MoreBy David Mitchell Digital, standalone bank brands are rapidly entering the U.S. marketplace following the success of Simple, launched by BBVA Compass in 2009. Since then, several large banks have followed, including JPMorgan Chase with Finn and Wells Fargo with Greenhouse-and with good reason.
Read MoreHaving rounded out its technology suite and begun beta app testing, Australian neo bank 86 400 has started a waiting list for prospective customers and opened up to talks with future investors.
Read MoreAustralian mobile banking startup Xinja is returning to the crowd in a bid to raise a further $5 million from private investors as it prepares to apply for a full banking licence.Xinja has so far raised $4.4 million (including an earlier $2.
Read MoreThe next generation of banks is getting ready to open their doors. A considerable number of Australians have never switched banks: 40%, according to a November 2018 study from F5 Networks.
Read MoreAt a time of rapid innovation, fierce competition and spiralling customer expectations, many banks are assessing how different technologies can contribute to their digital transformation strategies.There are no easy or short answers.
Read MoreA big advantage that neobanks have over the big four is that they are nimble and highly scalable technology companies focused on customer experience, according to the co-founder of Up.
Read MoreAs banks work to compete in an increasingly digital world, many are exploring new launching digital-only brands. Banks of all sizes, including industry heavyweights Chase, Citi and Wells Fargo, are in various stages of developing such parallel banks.
Read MoreSoon, going into a bank branch to speak to the manager about getting a loan will be as outdated as driving to Blockbuster to rent a VHS cassette.Banking in Australia will increasingly be digitised over the coming years, as neo-banking looks set to disrupt Australia’s financial industry.
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