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Digital Challenger Banks encounter challenges  - THE EDGE SINGAPORE

Banking & finance

Digital Challenger Banks encounter challenges

Only 13 out of 249 digital challenger banks are profitable, BCG says. Of these, 10 are in Asia. All 13 have strong backers

Jack Ma's bank deepens push for business big lenders won't touch

(July 3): MYbank, the two-year-old Chinese online lender that already has 3.5 million small-business customers, plans to push deeper into a segment that’s long been shunned by the country’s largest banks.
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