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The Best Banks in Asia 2024, Ranked by Forbes

Fintech News

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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Mobile: Why Smartphone Banking Usage Rates Have Stalled

Fintech Labs Insights

The Fed''s latest mobile banking/payments usage numbers ( full text ) were bouncing around the fintech blogosphere last week. The only sour note was the flatline of mobile banking usage among smartphone owners. Why has smartphone mobile banking stalled? Those trends were all upbeat. Education helps.

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Happy 10th Anniversary iPhone

PYMNTS

That is how the world first met the iPhone a little over ten years ago in January 2007, when Steve Jobs took to the stage to announce Apple’s latest and greatest innovation. And on June 29, 2007, we finally got it. The gig economy, which was largely non-existent a decade ago, now employs 4.1 These are not three separate devices.

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Cash Is King In Poland, But How Long Will Its Reign Last?

PYMNTS

In Poland, it’s fair to say that cash is still king,” stated Joanna Erdman, director of core service and non-banking products at mBank, one of the largest banks in Poland. Most recently, cash share usage in Poland experienced a surge from 2000 until 2007. Cash’s reign, however, could be coming to an end.

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HowGood Rates Product Sustainability, Sees $4.2M Series A

PYMNTS

The deal is one that seeks to bring mobile banking to underbanked consumers and also, in terms of demographics, to millennials. That funding will be slated for small business loans via securitization. The next largest deal on the radar was BankMobile, which was sold by Customers Bancorp for $175 million. Enter HowGood.

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In India, Cash Is Putting Up A Fight

PYMNTS

9, 2016, a surprise announcement by India’s Prime Minister Narendra Modi demonetized 500 and 1,000-rupee bank notes, essentially removing from circulation 86 percent of the country’s currency (in a heavily cash-reliant society). However, the movement leading up to adoption of mobile banking has been very, very slow.