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Chitchat Have you done any digital banking

hollowman

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GXS, which is 60% owned by Grab and 40% by Singtel, will aim to amass customers by letting them “earn interest daily” through the bank’s mobile application which will be available from September 5. Incumbent lenders typically pay out such yields monthly.
 

hollowman

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SINGAPORE, Sept 1 (Reuters) - Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China's Ant Group in the affluent city-state.
 

hollowman

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SINGAPORE, Sept 1 (Reuters) - Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China's Ant Group in the affluent city-state.
For those already existing bank like Stan chart, what is the difference of digital banking with current Internet banking model ?
 

laksaboy

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For those already existing bank like Stan chart, what is the difference of digital banking with current Internet banking model ?

I think digital banking requires the usage of their stupid app, maybe involves scanning of QR codes.

Internet banking is just signing in to a bank website and doing your transactions.
 

laksaboy

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SINGAPORE, Sept 1 (Reuters) - Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China's Ant Group in the affluent city-state.

Surprised it took the NTUC cronies so long when the license was given to Jack Ma's bank very early. :rolleyes:
 

hollowman

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I think digital banking requires the usage of their stupid app, maybe involves scanning of QR codes.

Internet banking is just signing in to a bank website and doing your transactions.
Current Internet banking also have scanning of qr code for payments etc .
 

hollowman

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No physical branch. All in the cloud. Too bad i dontch qualify.
Stan chart has branches. That's why I asked about the actual difference of digital banking.
Also since long ago banking was already in the cloud just that the term wasn't been used.
 
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