GoTyme Bank’s Post

Maybank stands out as most selected main retail bank in Asia, balancing tradition and innovation Read full article on: https://bit.ly/3UepThK Maybank leads the 2024 BankQuality™ Survey, scoring 42%, followed by DBS at 35%, and BCA at 28%, reflecting strong customer retention and adaptation to their needs The results of the 2024 BankQuality™ Consumer Survey were characterised by a balance of tradition and anticipation of the future as Asian banks respond to customers’ diverse financial needs. The latest TABInsights survey shows Malaysia’s Maybank leading as Asia’s Most Selected Main Retail Bank with 42% of the total vote count, followed by Singapore’s DBS Bank at 35%, and Indonesia’s Bank Central Asia (BCA) at 28%. The ranking was determined through a survey conducted in January 2024 that gathered feedback from 12,000 bank customers across 11 markets in Asia Pacific. The survey specifically gauged the percentage of customers who designated the chosen bank as their primary banking institution. Institutions that received less than 100 responses were not included in the final ranking. Subscribe to TABInsights for more research notes and relevant articles: https://bit.ly/3MYtxsp DBS Bank, PT Bank Central Asia Tbk (BCA), KASIKORNBANK, Industrial and Commercial Bank of China, HSBC, Kookmin Bank , State Bank of India, Vietcombank, CTBC Bank, BDO Unibank Chris Kapfer, Sheena Marie Gaboy, TAB Global #maybank #dbsbank #bcaindonesia #kasikornbank #icbc #sbi #hsbc #kookminbank #vietcombank #ctbcbank #bdounibank #bankquality #bankinginnovation #customercentric #financialservices #tabinsights #theasianbanker #tabglobal

We've been closely following the emergence of digital banks in #Singapore, the likes of Trust Bank Singapore and GXS Bank are experiencing rapid growth driven by incentives and the increasing demand for enhanced digital channel experiences among SMEs. Today, the launch RHB Banking Group's Boost #Bank in #Malaysia marks a significant addition to the country's banking landscape. At RFI Global, we are committed to monitoring the impact of this development on consumer preferences and behavior and to understand if Boost's playbook will differentiate from other digital banks in the region. https://lnkd.in/dkp-Euji

Download our latest report now! This report includes uptime performance from consumer banks the likes of RCBC, Bank Mandiri, and UnionBank, revealing the infrastructure reliability of the banks they trust. "Now that e-payments and digital banking are becoming the norm, constant access to reliable digital banking services is no longer a luxury, but a necessity." Check out our key highlights: • Payday periods around the middle and end of the month coincided with more downtimes in the Philippines • Uptime was significantly better between September and December in Indonesia, suggesting an improvement in infrastructure reliability • Bank Mandiri and Permata Bank achieved above 99% uptime, demonstrating overall higher reliability compared to their Philippine counterparts #openbanking #bankstability #bankinfrastructure

This year is the first year #digitalbanking made their headways into Malaysia, with the launch of GXBank and recently AEON Bank , offering attractive deposit rates to depositors, leading to talks that traditional brick-and-mortar banks could be competing for deposits. But analysts believe that digital bank's early aggressive promotions will not last long - and they didn't - therefore the traditional banks wouldn't lose their sleep over it. What do you think? Will you switch to a digital banking savings product?

Two more digital banks have been granted approval by Bank Negara Malaysia. With effect from Jan 15, AEON Bank and Boost Bank can commence operations as digital banks. It will be interesting to observe how these digital banks contribute to promoting accessible and inclusive finance for the people of Malaysia. https://lnkd.in/ghMH7UEd #digitalbanks #malaysia #aeonbank #boostbank #digitalfinance #digitalbanking #bnm #banknegaramalaysia

"DiBa" - as in Digital Banks, diba? I'm definitely using that 😆 🇵🇭 (diba = "right?" in english)

Bank asing lama-lama makin terasa asing. If they do not decide to leave, they might at least consider selling their retail banking operations to local banks gradually. Customers no longer perceive any special privilege in being clients of foreign banks. Similarly, employees take greater pride in working for local banks, even if smaller, as long as there's room to make meaningful contributions and benefits. The flexibility to undergo transformation, especially in terms of technology and digital advancements, combined with national pride and the opportunity to make an impact, are leading many customers and potential employees to prefer local banks over foreign ones...

Interesting to know that Malaysia now has its first Islamic digital bank.

“We see this as more than a financial endorsement from the global and local investment communities; it’s a recognition of the sector’s potential to drive economic inclusivity and innovation, setting a new standard for the future of banking in the Philippines,” said Henry Aguda, FICD, trustee, Digital Bank Association of the Philippines (DiBA PH) and President & CEO, UnionDigital Bank Since the establishment of a new digital banking category by the Bangko Sentral ng Pilipinas in 2021, the sector has not only attracted funds but also significantly increased the accessibility of financial services to millions of Filipinos. This evolution marks a critical step toward inclusive economic growth and positions the Philippines as a leader in banking innovation, ensuring that the benefits of digital financial solutions extend across the entire population. Read more about the story here: https://lnkd.in/gWdHb5ek

Spain’s second-largest bank, BBVA, has announced plans to roll out a new digital bank in Germany in a bid to boost customer numbers BBVA, the second-largest bank in Spain, has announced plans to introduce a new digital bank in Germany, to mirror its success in Italy and boost its customer acquisition rate.  Its digital model in Italy, BBVA Italia – a market it entered in 2021 – has been a resounding success, and BBVA hopes to expand its customer base to 600,000 in the country by the end of 2024.  BBVA: Growing in markets to rival Santander