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The Race For Singapore’s Digital Banking Licenses

PYMNTS

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

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India-based digital bank Open hits $1B valuation. Open competitors are SaveIN, Niyo, Fi, Freo, and Walrus.

CB Insights

Open , a digital bank, has raised $50M in a Series D. Download the report to learn more.</p> Download the report to learn more. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “f5ac5e14-d854-4e7f-b21f-53e00d11648c” }); Want the full post?

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How Brick-and-Mortar Banks Can Seize The Digital Moment

PYMNTS

Local and regional banks may have once been more insulated from these trends than other businesses since they are often trusted names within their communities and maintain long-standing relationships with their customers. consumers, seeks to better understand how spending and banking preferences are changing in the digital age.

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Neo Financial raises $145 in Series C funding. Neo Financial, a Canadian digital bank, competitors include Koho Financial, Wealthsimple, Stack, Mogo, Tangerine Bank, and EQ Bank.

CB Insights

Neo Financial , a Canadian digital bank, has raised $145M in a Series C. Download the report to learn more.</p> Download the report to learn more. Download the report to learn more. The round drew participation from Valar Ventures, Maple VC, Blank Ventures, and Gaingels, among others. <span

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Scotiabank: Why Banks Need To Rethink Personalization

PYMNTS

In the July Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the long-lasting effects brought on by the pandemic, the shifting attitudes surrounding ATM use, and how the digital banking development field is reaping dividends from the financial industry’s sea change.

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FICO Consumer Digital Banking Survey 2021 – Top Five Takeaways

FICO

At the beginning of the year, we commissioned a survey of 1,000 adults in each of fourteen countries to canvas them about their attitudes to opening a range of different financial accounts digitally using websites and apps. There were some very interesting findings and some results that challenged my pre-conceptions and received wisdom!

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Digital-First Banking With A Human Feel

PYMNTS

“Consumers are now leaning heavily on digital banking to meet their financial needs. Banking app downloads have increased 60 percent since the pandemic became widespread, with banking app revenue growing 17 percent,” according to PYMNTS’ May 2020 Digital-First Banking Tracker® , a collaboration with NCR.