Asia Banking Research

Jul

Australia enters open banking era

Australia launched its open banking regime on July 1, ushering in an era of increased competition and customer choice. The regime allows a customer of any of Australia’s Big Four banks – National Australia Bank, Commonwealth Bank, Australia and New Zealand Banking Group and Westpac – to ask that their…

Jul

Asia Banking Research

Cambodia steps up digital banking initiatives

Cambodia’s digital banking initiatives are increasingly on the money. The Kingdom has focused on fast-tracking digital banking to boost financial inclusion and develop the broader banking sector, which only serves a limited portion of the population. Just 22% of Cambodia’s population of 16.2 million is banked. The good news is…

Jul

Asia Banking Research

Pandemic delays launch of Taiwan’s virtual banks

Taiwan’s virtual banks were supposed to go live this summer but the coronavirus pandemic has delayed the launch date. The three neobanks, which include consortia led by Line Financial, Chunghwa Telecom and Japanese e-commerce giant Rakuten, will likely launch later in the year, according to Taiwan’s Financial Supervisory Commission (FSC).…

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