Banking Research

Feb

Hong Kong’s virtual banks have their work cut out for them

Two years ago, Hong Kong made fintech history in Asia as the region’s first major economy to greenlight digital banks. As of the end of 2020, all eight of the banks were finally live. Political and covid-related disruptions had delayed their launch. Judging by the digibanks’ marketing literature, they are…

Feb

China Banking Research

Fintech firms face an uncertain future in China

Fintech crackdowns in China tend to snowball. That was the lesson learned when Beijing began culling crypto and P2P lending firms. At first, it seemed those industry segments might survive if they could assuage regulators. It later became clear that the only way to satisfy regulators was to shut down…

Feb

Asia Banking Research

Why did NAB buy out 86 400?

Barely a month after Xinja’s abrupt demise, another Australian neobank is exiting the market. This time though, the said bank is being bought out, not folding like an accordion. It would seem that National Australia Bank (NAB) made 86 400 an offer the neobank could not refuse to the tune…

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