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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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Decoupled Debit — Again?

PYMNTS

The year is 2007. It’s the decoupled debit card. The consumer value prop was the functionality of a debit-like product, since funds to pay merchants were pulled directly from their checking accounts, without the consumer having to switch their existing DDA account to a new bank to get the generous cash-back goodies.

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Lending Club’s Terrible Twos

PYMNTS

Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. I crossed paths with Laplanche back in 2007 and wanted to back him right away,” Petrushka said. banks at the time. banks at the time. IPO of the year.

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

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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 And we are calling it iPhone.”.

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Lending Club Raises Average Rate to 0.25% for New Loans

Fintech Labs Insights

Since credit card issuers were required to increase their prime rate by the same amount, the company is not concerned it will push away borrowers. .” At BAI’s Global Banking Innovation Awards, the company won accolades for Most Innovative Non-Bank Financial Services Organization. .

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.