Asia Banking Research

Jun

What are Grab’s virtual-banking prospects in Singapore?

With an eye on going public, Singapore’s ride-hailing giant Grab needs to show profitability, or failing that, strong potential to be in the black soon. Serving as a high tech taxi or food delivery service no longer looks like it will be enough for investors. Instead, Grab wants to be…

Jun

Asia Banking Research

Can Australian banks fend off the challenge from digital natives?

Australia’s banks are in for quite a fight if Morgan Stanley’s new report is accurate. The U.S. investment bank estimates in its newest Australia In Transition report that digital wallets could capture US$22 billion of revenue that in a less digitized world would have gone to the banks. Morgan Stanley’s…

Jun

Asia Banking Research

Would-be Korean challenger banks regroup after applications rejected by FSC

Korea’s would-be challenger banks received a stern rebuke from the nation’s Financial Supervisory Commission in May as the top financial regulator rejected applications for a virtual-banking license from Viva Republica-backed Toss Bank and Kiwoom Securities-backed Kiwoom Bank. The regulator found Toss’s capital situation problematic and Kiwoom’s plan unfeasible. Both Toss…

Contact Info

Asia Banking Research