UOB's TMRW banking to beat today's competition


UNITED Overseas Bank (UOB) will stake its claim in the digital banking space in Asean, by being the first foreign bank in Thailand to launch a mobile-only bank that is aimed at millennials.

The mobile-only bank strategy, first announced by UOB in August, comes not just as younger customers are demanding more personalised services from their banks but also as fintechs such as Monzo and Revolut have emerged as challenger banks to raise the bar for the incumbents.

UOB's mobile-only bank known as TMRW will be built from scratch and will mine transactional data to bring personalised functions and information to meet each customer's needs, the bank said on Thursday.

As a simple example, TMRW...


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