Asia Banking Research

Jul

Malaysia’s digital banking race finishes with 29 applicants

June 30 was the deadline for Malaysia’s digital bank licenses and there were 29 applicants for a maximum of five licenses from a wide variety of would-be neobanks, among them platform companies, incumbent lenders, conglomerates, state governments, fintechs and more. The Malaysian central bank will name the winners of the…

Jul

Asia Banking Research

What are the prospects for Singapore’s digital banks?

The digital banking proposition in Singapore has always been a bit curious. A central tenet of the case for digital banks in the city-state is that, well, Hong Kong has them, and besides, digital lenders can boost financial inclusion – as long as the definition of financial inclusion is broad.…

Jun

Asia Banking Research

Can NAB sort out its compliance shortcomings?

Australia’s Big Four banks have had their fair share of compliance travails in recent years. That much was made clear in the report produced by The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Since the report was published in 2019, Westpac and Commonwealth Bank of…

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Asia Banking Research