Digital-Only Banking

Digital-only banks primarily serve customers through mobile and online channels, typically without physical branches, and use lower operating costs and data technology to offer deposits, payments, lending and other services. Taiwan’s three major digital-only banks have continued to expand account openings, adopt AI and real-time monitoring to combat fraud, and push toward profitability. Overseas, Monzo, Revolut and Nubank are broadening their reach across areas ranging from retirement savings and airport services to larger-scale profits. Whether the model can balance growth, operational stability, regulatory compliance and trust remains a key issue to watch.