Why Asia’s Banking Hubs Are Making Virtual a Reality
almost 5 years in Washington Post
Long gone are the days when banking meant having to stand in line at crowded branches to cash a check or apply for a loan. Automated teller machines, the internet and mobile apps mean many people hardly ever step foot inside their bank. So-called virtual banks question the need for brick-and-mortar branches altogether. With catchy names such as Ally and Simple in the U.S., Monzo in the U.K. and WeBank and MYbank in mainland China, these digital-only upstarts have been signing up lots of customer