Southeast Asia: Coming of the Digital Challenger Banks

Pauline Wray Ian Loh Yang Yu Selin Suntay Jason Han Alex Walker

With four models to enter a market and a threefold growth in the last five years to disrupt traditional banks, Digital Challenger Banks have become a global phenomenon. While there are relatively few Digital Challenger Banks in Southeast Asia (SEA) today, BCG experts believe the region is about to see the birth of home-grown technology giants and innovative non-Financial Services firms moving to acquire digital banking licenses.