Table of Contents
Executive Snapshot
Figure: Executive Snapshot: Challenger Banks — New Propositions for a New Age of Finance
Situation Overview
Scope of Work
Definition
Challenger Banks
Traditional Banks
Brief History
State of Regulator Readiness in Asia/Pacific
China
South Korea
Australia
Hong Kong
Taiwan
India
Indonesia
Philippines
Malaysia
Singapore
Challengers' Deployment of Advanced Technology
Modular Core Banking System
Table: Noted Tech Suppliers for Modular Core Banking Systems
Cloud Considerations
Frictionless Digital Onboarding
Table: Noted Tech Suppliers for Digital Onboarding
Instant Credit Decision Making
AI and ML
Challengers' Tech Partners
Table: Tech Partners of the Challengers
What Challengers Do Best
WeBank — China
Figure: WeBank Screenshot
Outstanding Areas
Table: Products and Features
kakaobank — South Korea
Figure: kakaobank Screenshot
Outstanding Areas
Table: Products and Features
Xinja — Australia
Figure: Xinja Screenshot
Outstanding Areas
Table: Products and Features
Winning Traits for Challenger Banks
Superior UI and UX
Gamification in Banking
Hyperpersonalization
The Infiltration of Fintechs into Banking
Table: An Origin Story
Ecosystems as the Key to Success
Profitability and Sustainability
Interest Rate Pricing — Tactical Decisions
Blue Ocean Strategy in China
Can Their Successes Be Replicated?
Figure: Smartphone Penetration Against Unbanked and Underserved Segments
The Potential for Growth in Asia/Pacific
Figure: Challenger Market Share of Total Retail Loans
Figure: Challenger Market Share of Total Deposits
Figure: Asia/Pacific Banking Loan Balance
Figure: Asia/Pacific Banking Deposit Balance
Table: Estimated Market Share in Asia/Pacific by 2023
Other Considerations as Seen in South Korea
Nontraditional Revenue Streams
Challenges Ahead
Competing Head to Head with Incumbents
Customers' Propensity to Switch
Building Customer Trust in a Digital Age
Integration into the National Credit Scoring Ecosystem
Advice for the Technology Buyer
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Related Research
Synopsis