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Fintech Insider Podcast by 11:FS

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The Pros and Cons of Open Banking

UOB United Overseas Bank said it experienced a very significant surge of 45% in card application volumes across Southeast Asia. This follows the announcement on the 21st of June that the bank's credit and debit card holders will have privileged access to tickets for Taylor Swift's, the errors tool, concerts in Singapore. Daily average UOB credit card applications across Singapore, Tanya Malaysia, Indonesia and Vietnam increased by 45% compared with the preceding weeks in June. In Singapore, the proportion of new female card holders had jumped almost 10% in the week of the announcement was made.

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