As of 2021, the global epidemic is still recurring, and the public's acceptance of contactless and digital services continues to increase, which confirms the value of the digital bank business model. Because of this, many countries have newly issued special digital bank licenses, and many qualified digital banks have begun to operate online. At the same time, many existing digital banks have also achieved profitability by enriching their products and services, further verifying the commercial sustainability of the digital bank model. In the future, with the dynamic competition and cooperation of various commercial entities, the competitive landscape of the global banking industry may undergo tremendous changes. A notable sign is that many digital banking entities are showing a trend of cross-border deployment, and digital banking has entered the era of "great navigation" from its budding development period in the past.

In response, the NFEC (National Fintech Evaluation Center, a subsidiary of BCTC in Shenzhen, China), together with Fintech Micro Insights (weinsights), and the Financial Blockchain Shenzhen Consortium (FISCO), jointly released this report to provide an in-depth analysis of the development of digital banks in South Korea, Japan, Southeast Asian countries, Australia, European countries, North and South American countries, China (Mainland, Hong Kong, and Taiwan), and other markets. It is hoped that the report will explore the best development path of digital banks while fully presenting the development status of digital banks in various regions, and looking forward to the competitive landscape of global digital banks.

For the full text of the report (PDF version) please email: global.services@bctest.com