ALMOST half of the current banking customers are willing to try using the new digital banks which will operate entirely online without any physical bank branches. The survey of the finance and...

TONIK Financial has closed its first institutional round of funding, led by Singapore-based venture capital firms Insignia Ventures Partners and Credence Partners.

[LONDON] Digital banking app Revolut has raised US$500 million in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a...

[LONDON] JPMorgan Chase & Co is planning to enter the UK consumer-banking market in the next few months, offering a range of savings and loan products under its Chase brand, Sky News reported...

[HONG KONG] The first of Hong Kong's new generation of virtual banks has no plans to start a broader price war even as customers flocked to its introductory deposit rate of almost 7 per cent.

[LONDON] Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some...

DIGITAL banks are not expected to replace existing primary banking relationships for the majority of customers in Singapore, with most likely to view their digital bank as a secondary account if...

TAKING a clear step towards offering wealth management for the masses, digital bank contender Grab has acquired Singapore-based robo-advisory startup Bento for an undisclosed sum.

[SINGAPORE] Ride-hailing group Grab, gaming firm Razer, AirAsia, telecoms firm Axiata and lender CIMB are among companies looking to apply for digital banking licences in Malaysia, sources told...

CHINESE real estate developer and state-owned enterprise Greenland Group, through its investment arm Greenland Financial, has formed a consortium with partners including Chinese financing platform...