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UOB's mobile-only bank tests data as TMRW's currency
It is targeting millennials as it faces up to upstarts that want to eat the lunch of traditional banks
Add BT as a preferred sourcePublished Tue, Feb 19, 2019 · 09:50 PM
UOB's mobile-only bank TMRW for millennials offers a new way to test how data can become a new currency for incumbent banks in this region.
To recap, UOB earlier this month launched its mobile-only bank aimed at millennials in Thailand - the first of several markets in Asean where it will test this digital bank concept.
UOB's latest banking service TMRW - an abbreviation of tomorrow - allows a bank with 80-odd years of history to break away from its legacy hardware system, and find better ways to mine transactional data.
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