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Who Are The Applicants for Thailand’s Virtual Banking License?

Fintech News

Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants.

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Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures

The Fintech Times

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. is unhappy with Lloyds’ decision to stop its mobile van banking service.

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European banks are challenging the challengers

Neopay

New research from Economist Impact supported by Temenos finds that European banks are fighting back against competition from platform players, neobanks and payment providers. European banks are also migrating core banking systems to public cloud and SaaS in greater numbers than their counterparts in other regions.

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Radius Bank Goes Mobile For Micro-Businesses

PYMNTS

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

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What are Developing Countries Doing to Improve Access to Finance?

The Fintech Times

Nicky Senyard, CEO and founder of Fintel Connect “Developing countries are actually great places for new ideas because they often don’t have traditional banks. This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas.

Finance 59
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Is Fintech Actually Surpassing Traditional Finance?

Clearly Payments

This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. Key features of the fintech experience include mobile-first interfaces, 24/7 accessibility, and tech-driven personalized services.

Finance 105
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Airtel’s Mobile Payment Bank Now Available Nationwide In India

PYMNTS

12) the national launch of a mobile payments bank, which, according to a report , is India’s first one. According to the report, Airtel is taking advantage of a big push by the Indian government to accelerate financial inclusion and bring more competition to the market by issuing payment bank licenses.