News Snapshot:
By Omar Faridi Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA). The SFA’s report, titled Southeast Asia: Coming of Digital Challenger Banks , notes that Fintech startups have been focused on disrupting traditional banks and have quickly become a global phenomenon. The report confirms that there are relatively few digital banking challengers based in Southeast Asia. However, the report’s authors predict that the region...
