Seizing Opportunities: The Race Toward Digital Banking in ASEAN

Yudha Pradipta, Asaduddin Abdullah () and Suhendi
Additional contact information
Yudha Pradipta: IPB University, Faculty Economic and Management
Asaduddin Abdullah: IPB University, School of Business
Suhendi: IPB University, School of Business

A chapter in Proceedings of the Business Innovation and Engineering Conference (BIEC 2022), 2023, pp 343-353 from Springer

Abstract: Abstract The Southeast Asia (ASEAN) stands as one of the compelling markets for digital banks to grow due to its large population and fact that financial inclusion still be an issue for the region. Within the region, Commercial banking is still the backbone of the region’s financial system, but Regulators in various Southeast Asia countries have started to issue guidelines for digital banking licenses in their respective countries. We found that in general, there is a different regulatory approach in Southeast Asia in which the requirement is less stringent during the initial start-up period versus the commercial banks such as Indonesia, Singapore, and Malaysia. Several countries such as Singapore and Malaysia also limit the issuance of digital banking licenses. Additionally, regulators also seem to give some business restrictions for the pure digital bank during the initial period to prove the business model and limit the potential impact should they fail. We also conducted a country-level analysis to identify the readiness of ASEAN members bloc to adopt digital banking using two dimensions, which are room for growth and state of readiness. The findings have highlighted ASEAN is a highly diverse region.

Keywords: Digital Adoption; Digital Bank; Digital Readiness; Southeast Asia (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-144-9_34

Ordering information: This item can be ordered from
http://www.springer.com/9789464631449

DOI: 10.2991/978-94-6463-144-9_34

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().