Younger Generations Demand Better Digital Banking In 2025
In the 2024 holiday season, the combined power of Gen-Z and Buy-Now-Pay-Later (BNPL) technology led to a record-breaking ...
Ghanaian fintech Affinity bags $8M to scale digital banking in a mobile money-driven market
Ghanaian fintech Affinity raises $8 million to expand its financial products in a market where mobile money is the dominant ...
‘Do better’: Reserve Bank governor says retail banks' profit margins should be cut
Governor of the Reserve Bank Adrian Orr says retail banks need to consider cutting their profit margins and “do better” - and ...
The Edge Singapore8d
iFast net profit up 46.3% y-o-y in 4QFY2024, digital bank turns profitable
iFast’s UK-based digital bank, iFast Global Bank (iGB), turned profitable for the first time during the quarter, recording a ...
iFast shares reap gains as 2024 net profit hits record high, outlook brightens
Net profit for 2024 rose 135.7 per cent to $66.63 million from $28.27 million a year earlier. Read more at straitstimes.com.
BusinessWorld18h
CIMB Bank PH expects to double profit this year
CIMB BANK Philippines, Inc. (CIMB Bank PH) expects to double its profit this year as it looks to launch new features and services on its platform. “We expect to double [our profit] in 2025 from 2024.
Business Times9d
As Vietnam’s digital banks race for profits, Cake says it’s first past the post
Quang observed that an achievable profit benchmark for a top digital bank in the region stands between US$30 million and US$50 million a year. Despite the high-risk, high-return nature of the business ...