Virtual Banking news and trends

Hong Kong’s First Neobank Lures Consumers With High Deposit Rates
Digital Banking // January 13, 2020

The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard...

Ant Financial Could Pursue Digital Banking License In Singapore
Banking // November 19, 2019

Ant Financial Services Group might apply for a virtual banking license in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Citi Virtualizes Accounts For Corporate Treasurers
B2B Payments // September 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. The bank said in an announcement Tuesday (Sept. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The tool lets corporate customers segregate balances within...

Airwallex Raises $80M To Expand Its Cross-Border Payment Tech
Earnings // July 03, 2018

Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Interviews & Exclusives
Digital Shift Helps Banks Tailor Credit Offers to Consumers

March 28, 2024
For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4 p.m. branch closings have made it difficult for consumers to decide when and how they bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited […]

Live More. Bank Less. Bot Smarter.

June 29, 2017
Singapore’s DBS Bank has a philosophy — Live More, Bank Less — which, at first seems like an odd mission for a multinational bank to adopt. Unless, of course, executing that strategy is...

Quick Reads
Hong Kong’s First Neobank Lures Consumers With High Deposit Rates

January 13, 2020
The first in a new line-up of 10 digital-only banks in Hong Kong has sweetened its consumer appeal with a 6 percent introductory rate for deposits. ZA Bank will pay a select depositors more than 3 percent above other banks, such as HSBC and Standard Chartered, according to Bloomberg. Get the Full Story Complete the […]

Ant Financial Could Pursue Digital Banking License In Singapore

November 19, 2019
Ant Financial Services Group might apply for a virtual banking license in Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Airwallex Raises $80M To Expand Its Cross-Border Payment Tech

July 03, 2018
Airwallex, the international payments company, announced Tuesday (July 3) that it raised $80 million via a round of fundraising. Get the Full Story Complete the form to unlock this article...