5 Great Examples of Banking as a Service (2023)
Banking as a Service is a relatively new phenomenon. Still, it is one of the crucial tools powering the digital banking revolution. The BaaS model allows non-banking institutions to offer checking and savings accounts, debit and credit cards, money transfers, and much more. It’s basically white-label banking, where a bank or a fintech company offers […]
The 4 Best Digital-Only Banks In China
The last five years have seen rapid development in digital banking across the world, and China is no exception as fintech companies and traditional banks don’t want to be left behind. Digital banks have an entirely branchless digital service and the need for branches is replaced by non-stop, 24/7 customer service and automated systems. That’s […]
9 Best Digital-Only Banks in Japan in 2023
The banking landscape is changing drastically around the world. Digital challenger banks are cropping up every week in Europe, Latin America, the US and UK, and Southeast Asia. Japan? Not so much. Although Japan has been at the forefront of technological innovation for decades now, it’s seriously lagging in introducing independent digital banking platforms. Japan […]
8 Best Online and Digital Banks in Nigeria (2023)
As technology changes, the banking sector has been adopting new and innovative ways of doing business. Digital or challenger banks are the new wave across most countries. By offering customers better terms, they are taking over markets in the U.S., U.K, Canada, and now Nigeria. Unlike the traditional brick-and-mortar banks in Nigeria, these neobanks offer […]
Digital Banking in Vietnam (Fintech Tiger?)
The pandemic accelerated the digital transformation of many industries, including retail, entertainment, and banking. Vietnam was no different. The country has almost 100 million people, yet only 30% of the population has a bank account. Even more amazing is the fact that only around 2% of people have a credit card. As you can see, […]
Digital Banking in Mexico (Overview of 16 Digital Banks)
The Mexican banking landscape is very similar to other Latin American countries. Tens of millions of people are unbanked and underbanked. Everyday people don’t have access to a bank account, let alone credit or loans. On the other hand, predatory microloan companies are haunting poor people and making them sell their houses or land in […]
Digital Banking in Indonesia (The Largest Underbanked Market)
In the last six years, the Indonesian banking sector went through a fascinating transformation. 2016 was a crucial year in this regard as it was marked by the launch of Jenius, a digital banking product of BTPN, an incumbent bank. Since then, 13 more digital banks have cropped up. Some were products of traditional banks, […]
6 Ways How Digital Banking Helps to Save Money in 2023
Can switching from a traditional bank to a digital bank help save you money? It sure can. From fewer fees to budgeting features, digital banks are setting the pace in the banking space. Here are six ways digital banking can help you save money. 1. Monthly Maintenance Fees Monthly maintenance fees are deeply rooted in […]
5 Likely Outcomes for The Future of Digital Banking (2023)
We are relentlessly moving forward with digital banking. There isn’t a person I know that isn’t using some sort of digital banking app. Even my parents that are well into their seventies appreciate that they don’t have to go to town to pay the bills anymore. Having reviewed dozens of mobile payments apps, investing apps, […]
2 Reasons Why You Got Chime Card in the Mail (What to Do)
Did you get an unsolicited Chime card in your mail? Should you simply throw it away and dismiss it or should you be concerned? Here’s the short answer: If you get an unsolicited Chime card that you never ordered, you should contact Chime customer support and have your account closed. Next, place fraud alerts on […]