{"id":1398,"date":"2022-11-03T14:42:34","date_gmt":"2022-11-03T09:12:34","guid":{"rendered":"http:\/\/63638059504b48fb5e5729bb"},"modified":"2023-07-19T17:14:59","modified_gmt":"2023-07-19T11:44:59","slug":"a-sea-of-transformation-southeast-asias-digital-banking-landscape","status":"publish","type":"post","link":"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/","title":{"rendered":"A SEA of Transformation: Southeast Asia\u2019s Digital Banking Landscape"},"content":{"rendered":"Transformation stems from the need for innovation \u2013 to unlock novel ways of generating value. Just like the tides in a sea cause ripples of rising and falling changes through the influence of gravity, global economies experience waves of metamorphosis thanks to the impact of soaring and shifting demands from consumers and businesses in the digital era. The financial industry across the world is going through the pangs of transformation by embracing digitalisation, business model transformation, and product innovation.The financial industry transformation wave has cascaded its way to the shores of Southeast Asia (SEA) \u2013 in the form of the digital banking swell that is triggering the push for economic growth. Home to a population of more than 675 million (of which ,60% remain unbanked) and more than ,71 million micro, small and medium-sized enterprises (MSMEs), SEA is emerging as a breeding ground for digital-first business models. 100 million additional internet users have joined the digital economy in the last three years since the pandemic broke out in 2019. The current number of internet users in SEA stands at a mighty 460 million, with 20 million new users getting added in 2022 alone.This is where digital banks came in \u2013 [&hellip;] \t\t<div class=\"woocommerce\">\n\t\t\t<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">11<\/span> <span class=\"rt-label rt-postfix\">mins read<\/span><\/span> Transformation stems from the need for innovation \u2013 to unlock novel ways of generating value. Just like the tides in a sea cause ripples of rising and falling changes through the influence of gravity, global economies experience waves of metamorphosis thanks to the impact of soaring and shifting demands from consumers and businesses in the digital era. The financial industry across the world is going through the pangs of transformation by embracing digitalisation, business model transformation, and product innovation.The financial industry transformation wave has cascaded its way to the shores of Southeast Asia (SEA) \u2013 in the form of the digital banking swell that is triggering the push for economic growth. Home to a population of more than 675 million (of which ,60% remain unbanked) and more than ,71 million micro, small and medium-sized enterprises (MSMEs), SEA is emerging as a breeding ground for digital-first business models. 100 million additional internet users have joined the digital economy in the last three years since the pandemic broke out in 2019. The current number of internet users in SEA stands at a mighty 460 million, with 20 million new users getting added in 2022 alone.This is where digital banks came in \u2013 [&hellip;] \t\t<\/p>\n<div class=\"woocommerce\">\n<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n<\/p><\/div>\n","protected":false},"author":4,"featured_media":3522,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,88],"tags":[44,124,56],"hashtags":[],"class_list":["post-1398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance","category-insights","tag-digital-banks","tag-southeast-asia","tag-timeline","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A SEA of Transformation: Southeast Asia\u2019s Digital Banking Landscape - WhiteSight<\/title>\n<meta name=\"description\" content=\"Transformation stems from the need for innovation \u2013 to unlock novel ways of generating value. Just like the tides in a sea cause ripples of rising and falling changes through the influence of gravity, global economies experience waves of metamorphosis thanks to the impact of soaring and shifting demands from consumers and businesses in the digital era. The financial industry across the world is going through the pangs of transformation by embracing digitalisation, business model transformation, and product innovation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A SEA of Transformation: Southeast Asia\u2019s Digital Banking Landscape - WhiteSight\" \/>\n<meta property=\"og:description\" content=\"Transformation stems from the need for innovation \u2013 to unlock novel ways of generating value. Just like the tides in a sea cause ripples of rising and falling changes through the influence of gravity, global economies experience waves of metamorphosis thanks to the impact of soaring and shifting demands from consumers and businesses in the digital era. The financial industry across the world is going through the pangs of transformation by embracing digitalisation, business model transformation, and product innovation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\" \/>\n<meta property=\"og:site_name\" content=\"WhiteSight\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-03T09:12:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T11:44:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qistaging.com\/whitesight\/wp-content\/uploads\/2022\/11\/A-SEA-of-Transformation.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:site\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\"},\"author\":{\"name\":\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/#\/schema\/person\/787a81735513d6817c6d199cf38f82a2\"},\"headline\":\"A SEA of Transformation: Southeast Asia\u2019s Digital Banking Landscape\",\"datePublished\":\"2022-11-03T09:12:34+00:00\",\"dateModified\":\"2023-07-19T11:44:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\"},\"wordCount\":3066,\"publisher\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/#organization\"},\"keywords\":[\"Digital Banks\",\"Southeast Asia\",\"Timeline\"],\"articleSection\":[\"Digital Finance\",\"Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\",\"url\":\"https:\/\/qistaging.com\/whitesight\/a-sea-of-transformation-southeast-asias-digital-banking-landscape\/\",\"name\":\"A SEA of Transformation: Southeast Asia\u2019s Digital Banking Landscape - WhiteSight\",\"isPartOf\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/#website\"},\"datePublished\":\"2022-11-03T09:12:34+00:00\",\"dateModified\":\"2023-07-19T11:44:59+00:00\",\"description\":\"Transformation stems from the need for innovation \u2013 to unlock novel ways of generating value. 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