Global Top 100 Digital-Only Banks Ranking: No easy path to profitability

To track the increasing array of standalone virtual, neo or challenger banks, The Asian Banker has just launched the world’s first comprehensive assessment of global digital-only banks, to rank them according to a balanced scorecard derived from an objective and transparent set of evaluation criteria. There is no shortage of coverage of digital banks today. However, most lack a clear and specific definition of a digital bank as well as a set of objective and transparent criteria to assess and rank them. This inaugural annual ranking aims to address this gap by assessing them on a more consolidated and consistent global perspective. The Global Top 100 Best Digital-Only Banks Ranking focuses on the most successful first and second generation digital only banks that operate independently of traditional commercial banks and offer a unique virtual customer experience.