China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing three sources. The new rules would also cover foreign financial institutions already doing business in China — Citigroup, HSBC and...
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), is in talks about letting online banks operate in the city. According to a report in Bloomberg citing the regulator, MAS is looking at whether or not to let digital-only banks with a non-bank parent operate. “We...
House of Fraser, the U.K. department store operator, is making a £35 million investment in an app-only bank as a way to give shoppers a banking tool and payment means. According to a report, House of Fraser has worked with Tandem to create the app-only banking...
July 29, 2020
Consumers’ affinity for online banking solutions, especially mobile banking, is far from new. The COVID-19 pandemic is highlighting how necessary these solutions are for consumers’ banking needs, however, and how high their standards for these channels have become. This represents a challenge for the banking sector, as financial institutions (FIs) including community banks and credit […]
January 14, 2020
China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing three sources. The new rules would also cover foreign financial institutions already doing business in China — Citigroup, HSBC and Standard Chartered — and empower them to establish independent online […]
May 07, 2019
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), is in talks about letting online banks operate in the city. According to a report in Bloomberg citing the regulator, MAS is...
January 04, 2017
House of Fraser, the U.K. department store operator, is making a £35 million investment in an app-only bank as a way to give shoppers a banking tool and payment means....
