World’s Top 100 Digital Banks Ranking 2025
Over the past decade, since the onset of the fintech boom, the financial services sector has witnessed the emergence of hundreds of stand-alone digital banks globally. These banks have revolutionised how digitally inclined consumers save, borrow, transact and invest.
To monitor this growing array of digital contenders, TABInsights has been assessing the performance of more than 160 leading digital banks from 42 markets since 2021, ranking them based on a balanced scorecard that evaluates capabilities across five key dimensions: customers, market/product coverage, profitability, asset and deposit growth, and funding. Scale and size are not the primary determinants; instead, factors such as profitability, operational efficiencies, the ability to secure funding, and the maintenance of a robust loan book and balance sheet are considered. This year’s ranking introduces a new indicator, "funding as a percentage of total assets," alongside "funding value," to better reflect the actual funding level in relation to a digital bank’s total assets.
The assessment covered over 160 leading players from 42 markets to identify the World’s Top 100 Digital Banks. The Top 100 are distributed across various regions: 47 from Asia Pacific, 30 from Europe, 10 from North America, seven from South America, and three each from the Middle East and Africa.
| Rank | Digital Bank | Country/Headquarter | Region | Year of launch | Customer | Coverage | Financials | Balance Sheet | Funding | Final Score | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # of users | Growth /month | Users /staff | Total Score | # of markets | # of products | Total Score | ROE | Gross revenue | Revenue growth | Revenue/ user | CIR | Total Score | Assets | Deposits | LDR | Total Score | Funding | Funding /assets | Total Score | ||||||
| Score | Score | Score | 30% | Score | Score | 10% | Score | Score | Score | Score | Score | 30% | Score | Score | Score | 20% | Score | Score | 10% | ||||||
| 6 | 10 | 10 | 30.0 | 10 | 10 | 10.0 | 10 | 6 | 10 | 10 | 10 | 30.0 | 6 | 6 | 10 | 20.0 | 10 | 5 | 10.0 | 100.0 | |||||
| 1 | Nubank | Brazil | Latin and South America | 2014 | 6 | 9 | 4 | 21.9 | 3 | 10 | 6.5 | 8 | 4 | 3 | 3 | 7 | 16.3 | 4 | 3 | 4 | 10.0 | 6 | 2 | 5.3 | 60.1 |
| 2 | ING (Global) | Netherlands | Europe | 1991 | 4 | 1 | 1 | 6.9 | 10 | 10 | 10.0 | 8 | 5 | 1 | 8 | 5 | 17.6 | 6 | 6 | 9 | 19.1 | 7 | 1 | 5.3 | 59.0 |
| 3 | WeBank | China | Asia Pacific | 2015 | 6 | 5 | 7 | 20.8 | 1 | 9 | 5.0 | 8 | 4 | 1 | 1 | 8 | 14.3 | 5 | 4 | 6 | 13.6 | 2 | 1 | 2.0 | 55.8 |
| 4 | KakaoBank | South Korea | Asia Pacific | 2017 | 4 | 8 | 4 | 18.5 | 1 | 9 | 5.0 | 3 | 2 | 1 | 2 | 7 | 9.8 | 4 | 4 | 10 | 16.4 | 6 | 3 | 6.0 | 55.6 |
| 5 | T-Bank | Russia | Europe | 2007 | 4 | 10 | 3 | 19.6 | 1 | 8 | 4.5 | 10 | 3 | 2 | 5 | 4 | 15.7 | 3 | 3 | 8 | 12.7 | 1 | 1 | 1.3 | 53.8 |
| 6 | Ally Bank | US | North America | 2009 | 3 | 1 | 1 | 5.8 | 1 | 10 | 5.5 | 6 | 4 | 0 | 10 | 5 | 16.3 | 6 | 6 | 10 | 20.0 | 7 | 2 | 6.0 | 53.6 |
| 7 | ING | Germany | Europe | <2000 | 2 | 1 | 1 | 4.6 | 1 | 10 | 5.5 | 10 | 3 | 2 | 8 | 7 | 19.6 | 6 | 6 | 8 | 18.2 | 4 | 1 | 3.3 | 51.2 |
| 8 | MYBank | China | Asia Pacific | 2015 | 5 | 4 | 5 | 16.2 | 1 | 5 | 3.0 | 5 | 3 | 1 | 2 | 9 | 13.0 | 5 | 4 | 9 | 16.4 | 2 | 1 | 2.0 | 50.6 |
| 9 | Toss Bank | South Korea | Asia Pacific | 2021 | 2 | 10 | 4 | 18.5 | 1 | 5 | 3.0 | 0 | 1 | 10 | 2 | 7 | 13.0 | 3 | 3 | 7 | 11.8 | 3 | 2 | 3.3 | 49.7 |
| 10 | Su Merchants Bank | China | Asia Pacific | 2017 | 5 | 2 | 7 | 16.2 | 1 | 7 | 4.0 | 6 | 2 | 1 | 1 | 10 | 13.0 | 3 | 3 | 9 | 13.6 | 2 | 1 | 2.0 | 48.8 |
| 11 | Klarna | Sweden | Europe | 2017 | 6 | 1 | 5 | 13.8 | 10 | 4 | 7.0 | 0 | 3 | 1 | 1 | 0 | 3.3 | 3 | 2 | 9 | 12.7 | 6 | 5 | 7.3 | 44.2 |
| 12 | Z-Bank | China | Asia Pacific | 2017 | 5 | 3 | 7 | 17.3 | 1 | 4 | 2.5 | 5 | 1 | 1 | 1 | 8 | 10.4 | 3 | 3 | 7 | 11.8 | 2 | 1 | 2.0 | 44.1 |
| 13 | Banco Inter | Brazil | Latin and South America | 2015 | 4 | 2 | 3 | 10.4 | 2 | 11 | 6.5 | 4 | 2 | 2 | 2 | 4 | 9.1 | 3 | 2 | 9 | 12.7 | 4 | 3 | 4.7 | 43.4 |
| 14 | K Bank | South Korea | Asia Pacific | 2017 | 2 | 4 | 4 | 11.5 | 1 | 10 | 5.5 | 1 | 1 | 1 | 2 | 8 | 8.5 | 3 | 3 | 10 | 14.5 | 3 | 2 | 3.3 | 43.4 |
| 15 | SBI Sumishin Net Bank | Japan | Asia Pacific | 2007 | 2 | 2 | 3 | 8.1 | 1 | 10 | 5.5 | 7 | 1 | 1 | 3 | 5 | 11.1 | 5 | 4 | 10 | 17.3 | 1 | 1 | 1.3 | 43.3 |
| 16 | Rakuten Bank | Japan | Asia Pacific | 2001 | 3 | 2 | 4 | 10.4 | 1 | 10 | 5.5 | 6 | 2 | 1 | 2 | 6 | 11.1 | 6 | 5 | 5 | 14.5 | 1 | 1 | 1.3 | 42.9 |
| 17 | Revolut | UK | Europe | 2015 | 4 | 1 | 2 | 8.1 | 10 | 9 | 9.5 | 9 | 3 | 4 | 2 | 3 | 13.7 | 3 | 3 | 1 | 6.4 | 4 | 2 | 4.0 | 41.6 |
| 18 | OakNorth Bank | UK | Europe | 2015 | 1 | 2 | 1 | 4.6 | 1 | 5 | 3.0 | 7 | 1 | 2 | 10 | 9 | 18.9 | 2 | 2 | 10 | 12.7 | 1 | 2 | 2.0 | 41.3 |
| 19 | C6 | Brazil | Latin and South America | 2019 | 4 | 6 | 3 | 15.0 | 1 | 10 | 5.5 | 0 | 1 | 1 | 1 | 0 | 2.0 | 3 | 2 | 9 | 12.7 | 4 | 5 | 6.0 | 41.2 |
| 20 | knab | Netherlands | Europe | 2012 | 1 | 1 | 1 | 3.5 | 1 | 10 | 5.5 | 7 | 1 | 3 | 10 | 5 | 17.0 | 3 | 3 | 7 | 11.8 | 2 | 1 | 2.0 | 39.7 |
| 21 | Tangerine | Canada | North America | 2012 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 9 | 3 | 2 | 9 | 8 | 20.2 | 4 | 4 | 3 | 10.0 | 1 | 1 | 1.3 | 39.0 |
| 22 | SeaBank | Indonesia | Asia Pacific | 2021 | 2 | 4 | 3 | 10.4 | 1 | 4 | 2.5 | 2 | 1 | 2 | 2 | 10 | 11.1 | 1 | 1 | 10 | 10.9 | 1 | 5 | 4.0 | 38.9 |
| 23 | aiBank | China | Asia Pacific | 2017 | 6 | 2 | 6 | 16.2 | 1 | 6 | 3.5 | 5 | 2 | 1 | 1 | 8 | 11.1 | 3 | 2 | 1 | 5.5 | 2 | 2 | 2.7 | 38.9 |
| 24 | KCB Bank | China | Asia Pacific | 2015 | 4 | 1 | 6 | 12.7 | 1 | 4 | 2.5 | 4 | 1 | 1 | 1 | 9 | 10.4 | 3 | 2 | 8 | 11.8 | 1 | 1 | 1.3 | 38.8 |
| 25 | XW Bank | China | Asia Pacific | 2016 | 5 | 1 | 6 | 13.8 | 1 | 4 | 2.5 | 6 | 2 | 2 | 1 | 10 | 13.7 | 3 | 2 | 3 | 7.3 | 1 | 1 | 1.3 | 38.6 |
| 26 | Starling Bank | UK | Europe | 2015 | 1 | 2 | 1 | 4.6 | 1 | 7 | 4.0 | 10 | 2 | 2 | 6 | 5 | 16.3 | 3 | 3 | 5 | 10.0 | 3 | 2 | 3.3 | 38.3 |
| 27 | au Jibun Bank | Japan | Asia Pacific | 2008 | 2 | 1 | 3 | 6.9 | 1 | 10 | 5.5 | 5 | 1 | 2 | 3 | 3 | 9.1 | 4 | 3 | 9 | 14.5 | 2 | 1 | 2.0 | 38.1 |
| 28 | Sony Bank | Japan | Asia Pacific | 2001 | 1 | 1 | 2 | 4.6 | 1 | 10 | 5.5 | 6 | 1 | 1 | 6 | 3 | 11.1 | 4 | 3 | 10 | 15.5 | 1 | 1 | 1.3 | 38.0 |
| 29 | Axos Bank | US | North America | 2000 | 1 | 1 | 1 | 3.5 | 1 | 8 | 4.5 | 8 | 2 | 1 | 6 | 6 | 15.0 | 3 | 3 | 9 | 13.6 | 1 | 1 | 1.3 | 37.9 |
| 30 | bunq | Netherlands | Europe | 2015 | 3 | 1 | 5 | 10.4 | 10 | 7 | 8.5 | 7 | 1 | 5 | 1 | 3 | 11.1 | 2 | 2 | 3 | 6.4 | 1 | 1 | 1.3 | 37.7 |
| 31 | TymeBank | South Africa | Middle East and Africa | 2019 | 2 | 7 | 4 | 15.0 | 2 | 7 | 4.5 | 0 | 1 | 8 | 1 | 0 | 6.5 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 37.3 |
| 32 | SoFi | US | North America | 2011 | 2 | 2 | 1 | 5.8 | 2 | 10 | 6.0 | 0 | 3 | 2 | 7 | 0 | 7.8 | 4 | 3 | 4 | 10.0 | 7 | 4 | 7.3 | 36.9 |
| 33 | Air Bank | Czech Republic | Europe | 2011 | 1 | 2 | 1 | 4.6 | 2 | 8 | 5.0 | 8 | 1 | 1 | 7 | 6 | 15.0 | 2 | 2 | 8 | 10.9 | 1 | 1 | 1.3 | 36.9 |
| 34 | PicPay Bank | Brazil | Latin and South America | 2021 | 4 | 2 | 3 | 10.4 | 1 | 9 | 5.0 | 10 | 1 | 10 | 1 | 3 | 16.3 | 1 | 1 | 2 | 3.6 | 1 | 1 | 1.3 | 36.7 |
| 35 | Banca Widiba | Italy | Europe | 2014 | 1 | 0 | 1 | 2.3 | 1 | 10 | 5.5 | 10 | 1 | 3 | 10 | 6 | 19.6 | 3 | 3 | 2 | 7.3 | 1 | 2 | 2.0 | 36.6 |
| 36 | ING | Australia | Asia Pacific | 1999 | 1 | 1 | 1 | 3.5 | 1 | 8 | 4.5 | 6 | 2 | 1 | 7 | 6 | 14.3 | 4 | 4 | 5 | 11.8 | 2 | 1 | 2.0 | 36.1 |
| 37 | Boursobank | France | Europe | 1995 | 2 | 4 | 3 | 10.4 | 1 | 10 | 5.5 | 0 | 2 | 1 | 5 | 0 | 5.2 | 5 | 4 | 5 | 12.7 | 2 | 1 | 2.0 | 35.8 |
| 38 | Yillion Bank | China | Asia Pacific | 2017 | 4 | 1 | 7 | 13.8 | 1 | 5 | 3.0 | 1 | 1 | 0 | 1 | 6 | 5.9 | 2 | 1 | 9 | 10.9 | 1 | 2 | 2.0 | 35.6 |
| 39 | O-Bank | Taiwan | Asia Pacific | 2017 | 1 | 1 | 1 | 3.5 | 1 | 9 | 5.0 | 3 | 1 | 0 | 10 | 5 | 12.4 | 3 | 2 | 8 | 11.8 | 2 | 2 | 2.7 | 35.3 |
| 40 | Openbank | Spain | Europe | 1995 | 1 | 1 | 1 | 3.5 | 4 | 10 | 7.0 | 5 | 1 | 5 | 6 | 5 | 14.3 | 3 | 3 | 2 | 7.3 | 2 | 2 | 2.7 | 34.7 |
| 41 | CIMB Bank | Philippines | Asia Pacific | 2018 | 2 | 2 | 5 | 10.4 | 1 | 7 | 4.0 | 1 | 1 | 5 | 1 | 5 | 8.5 | 1 | 1 | 8 | 9.1 | 1 | 3 | 2.7 | 34.6 |
| 42 | Zopa Bank | UK | Europe | 2020 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 2 | 1 | 2 | 7 | 7 | 12.4 | 2 | 1 | 9 | 10.9 | 2 | 4 | 4.0 | 33.8 |
| 43 | Northmill Bank | Sweden | Europe | 2006 | 1 | 1 | 2 | 4.6 | 4 | 6 | 5.0 | 7 | 1 | 1 | 5 | 7 | 13.7 | 1 | 1 | 8 | 9.1 | 1 | 1 | 1.3 | 33.7 |
| 44 | imaginBank | Spain | Europe | 2016 | 1 | 2 | 5 | 9.2 | 1 | 8 | 4.5 | 7 | 1 | 1 | 3 | 7 | 11.1 | 1 | 1 | 5 | 6.4 | 1 | 2 | 2.0 | 33.2 |
| 45 | ANEXT Bank | Singapore | Asia Pacific | 2022 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 10 | 10 | 0 | 13.7 | 1 | 1 | 9 | 10.0 | 1 | 5 | 4.0 | 33.2 |
| 46 | Kompasbank | Denmark | Europe | 2021 | 1 | 2 | 1 | 4.6 | 1 | 3 | 2.0 | 0 | 1 | 10 | 10 | 0 | 13.7 | 1 | 1 | 8 | 9.1 | 1 | 4 | 3.3 | 32.7 |
| 47 | UnionDigital Bank | Philippines | Asia Pacific | 2022 | 1 | 1 | 4 | 6.9 | 1 | 3 | 2.0 | 3 | 1 | 10 | 2 | 7 | 15.0 | 1 | 1 | 4 | 5.5 | 1 | 4 | 3.3 | 32.7 |
| 48 | illimity | Italy | Europe | 2019 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 6 | 1 | 1 | 10 | 3 | 13.7 | 2 | 1 | 8 | 10.0 | 1 | 1 | 1.3 | 32.5 |
| 49 | N26 | Germany | Europe | 2015 | 2 | 1 | 3 | 6.9 | 10 | 8 | 9.0 | 0 | 1 | 2 | 2 | 0 | 3.3 | 2 | 2 | 4 | 7.3 | 4 | 5 | 6.0 | 32.5 |
| 50 | Trust Bank | Singapore | Asia Pacific | 2022 | 1 | 8 | 2 | 12.7 | 1 | 6 | 3.5 | 0 | 1 | 10 | 2 | 0 | 8.5 | 1 | 1 | 2 | 3.6 | 1 | 5 | 4.0 | 32.3 |
| 51 | PayPay Bank | Japan | Asia Pacific | 2018 | 2 | 2 | 4 | 9.2 | 1 | 8 | 4.5 | 3 | 1 | 1 | 2 | 2 | 5.9 | 3 | 3 | 5 | 10.0 | 2 | 2 | 2.7 | 32.3 |
| 52 | Bank Jago | Indonesia | Asia Pacific | 2020 | 3 | 2 | 5 | 11.5 | 1 | 6 | 3.5 | 1 | 1 | 1 | 1 | 2 | 3.9 | 1 | 1 | 7 | 8.2 | 2 | 5 | 4.7 | 31.8 |
| 53 | WEX Bank | US | North America | 2000 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 10 | 3 | 0 | 5 | 4 | 14.3 | 2 | 2 | 7 | 10.0 | 1 | 1 | 1.3 | 31.1 |
| 54 | Allica Bank | UK | Europe | 2020 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 3 | 1 | 3 | 10 | 3 | 13.0 | 1 | 1 | 9 | 10.0 | 1 | 2 | 2.0 | 31.0 |
| 55 | Bank Aladin | Indonesia | Asia Pacific | 2022 | 1 | 1 | 4 | 6.9 | 1 | 6 | 3.5 | 0 | 1 | 8 | 1 | 0 | 6.5 | 1 | 1 | 9 | 10.0 | 1 | 5 | 4.0 | 30.9 |
| 56 | Green Link Digital Bank | Singapore | Asia Pacific | 2022 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 0 | 1 | 10 | 10 | 0 | 13.7 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 30.9 |
| 57 | Aprila Bank | Norway | Europe | 2018 | 1 | 1 | 1 | 3.5 | 1 | 2 | 1.5 | 4 | 1 | 3 | 10 | 4 | 14.3 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 30.6 |
| 58 | LendingClub Bank | US | North America | 2021 | 1 | 1 | 2 | 4.6 | 1 | 5 | 3.0 | 2 | 2 | 0 | 6 | 3 | 8.5 | 2 | 2 | 9 | 11.8 | 2 | 2 | 2.7 | 30.6 |
| 59 | Mox Bank | Hong Kong | Asia Pacific | 2020 | 1 | 3 | 1 | 5.8 | 1 | 7 | 4.0 | 0 | 1 | 6 | 5 | 0 | 7.8 | 1 | 1 | 7 | 8.2 | 2 | 5 | 4.7 | 30.4 |
| 60 | livi Bank | Hong Kong | Asia Pacific | 2020 | 1 | 1 | 1 | 3.5 | 1 | 6 | 3.5 | 0 | 1 | 10 | 3 | 0 | 9.1 | 1 | 1 | 9 | 10.0 | 1 | 5 | 4.0 | 30.1 |
| 61 | Alex Bank | Australia | Asia Pacific | 2021 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 0 | 1 | 3 | 10 | 0 | 9.1 | 1 | 1 | 10 | 10.9 | 1 | 5 | 4.0 | 30.0 |
| 62 | Monzo | UK | Europe | 2015 | 2 | 1 | 2 | 5.8 | 2 | 8 | 5.0 | 1 | 2 | 4 | 3 | 2 | 7.8 | 3 | 3 | 2 | 7.3 | 3 | 3 | 4.0 | 29.9 |
| 63 | Judo Bank | Australia | Asia Pacific | 2018 | 1 | 2 | 1 | 4.6 | 1 | 4 | 2.5 | 2 | 1 | 2 | 10 | 5 | 13.0 | 2 | 1 | 1 | 3.6 | 4 | 5 | 6.0 | 29.8 |
| 64 | Atom Bank | UK | Europe | 2015 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 1 | 1 | 1 | 9 | 3 | 9.8 | 2 | 2 | 8 | 10.9 | 2 | 2 | 2.7 | 29.3 |
| 65 | Maya Bank | Philippines | Asia Pacific | 2022 | 1 | 3 | 6 | 11.5 | 1 | 5 | 3.0 | 0 | 1 | 10 | 1 | 1 | 8.5 | 1 | 1 | 2 | 3.6 | 1 | 3 | 2.7 | 29.3 |
| 66 | Wio Bank | UAE | Middle East and Africa | 2022 | 1 | 2 | 1 | 4.6 | 1 | 6 | 3.5 | 1 | 1 | 10 | 10 | 0 | 14.3 | 1 | 1 | 1 | 2.7 | 2 | 4 | 4.0 | 29.2 |
| 67 | Neon | Brazil | Latin and South America | 2016 | 4 | 4 | 4 | 13.8 | 1 | 7 | 4.0 | 0 | 1 | 4 | 1 | 0 | 3.9 | 1 | 1 | 1 | 2.7 | 2 | 5 | 4.7 | 29.2 |
| 68 | Airtel Payments Bank | India | Asia Pacific | 2017 | 6 | 0 | 6 | 13.8 | 1 | 6 | 3.5 | 3 | 1 | 2 | 1 | 0 | 4.6 | 1 | 1 | 1 | 2.7 | 1 | 5 | 4.0 | 28.6 |
| 69 | LINE Bank | Taiwan | Asia Pacific | 2021 | 1 | 3 | 2 | 6.9 | 1 | 7 | 4.0 | 0 | 1 | 5 | 1 | 0 | 4.6 | 1 | 1 | 8 | 9.1 | 1 | 5 | 4.0 | 28.6 |
| 70 | Fjord Bank | Lithuania | Europe | 2019 | 1 | 1 | 1 | 3.5 | 5 | 5 | 5.0 | 0 | 1 | 4 | 6 | 0 | 7.2 | 1 | 1 | 7 | 8.2 | 1 | 5 | 4.0 | 27.8 |
| 71 | Seven Bank | Japan | Asia Pacific | 2001 | 1 | 1 | 2 | 4.6 | 4 | 5 | 4.5 | 6 | 2 | 1 | 7 | 2 | 11.7 | 3 | 2 | 1 | 5.5 | 1 | 1 | 1.3 | 27.6 |
| 72 | NBKC | US | North America | 1999 | 1 | 1 | 1 | 3.5 | 1 | 9 | 5.0 | 6 | 1 | 0 | 3 | 2 | 7.8 | 1 | 1 | 9 | 10.0 | 1 | 1 | 1.3 | 27.6 |
| 73 | PAObank | Hong Kong | Asia Pacific | 2020 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 0 | 10 | 0 | 7.2 | 1 | 1 | 10 | 10.9 | 1 | 5 | 4.0 | 27.5 |
| 74 | WeLab Bank | Hong Kong | Asia Pacific | 2020 | 1 | 5 | 1 | 8.1 | 1 | 6 | 3.5 | 0 | 1 | 2 | 1 | 0 | 2.6 | 1 | 1 | 8 | 9.1 | 1 | 5 | 4.0 | 27.3 |
| 75 | Fortuneo | France | Europe | 2000 | 1 | 1 | 2 | 4.6 | 2 | 10 | 6.0 | 3 | 1 | 1 | 6 | 1 | 7.8 | 3 | 3 | 2 | 7.3 | 1 | 1 | 1.3 | 27.0 |
| 76 | Allo Bank | Indonesia | Asia Pacific | 2021 | 2 | 2 | 4 | 9.2 | 1 | 4 | 2.5 | 3 | 1 | 2 | 1 | 6 | 8.5 | 1 | 1 | 1 | 2.7 | 1 | 5 | 4.0 | 26.9 |
| 77 | blu | Indonesia | Asia Pacific | 2021 | 1 | 1 | 2 | 4.6 | 1 | 8 | 4.5 | 1 | 1 | 4 | 1 | 2 | 5.9 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 26.3 |
| 78 | Cake | Vietnam | Asia Pacific | 2021 | 1 | 3 | 4 | 9.2 | 1 | 6 | 3.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 2 | 3.6 | 1 | 2 | 2.0 | 26.2 |
| 79 | ZA Bank | Hong Kong | Asia Pacific | 2020 | 1 | 3 | 1 | 5.8 | 1 | 8 | 4.5 | 0 | 1 | 2 | 3 | 0 | 3.9 | 1 | 1 | 6 | 7.3 | 2 | 5 | 4.7 | 26.1 |
| 80 | Hello Bank! | France | Europe | 2013 | 1 | 1 | 2 | 4.6 | 5 | 10 | 7.5 | 0 | 1 | 1 | 5 | 0 | 4.6 | 4 | 3 | 1 | 7.3 | 2 | 1 | 2.0 | 26.0 |
| 81 | Carbon | Nigeria | Middle East and Africa | 2012 | 1 | 1 | 5 | 8.1 | 3 | 3 | 3.0 | 2 | 1 | 1 | 1 | 8 | 8.5 | 1 | 1 | 2 | 3.6 | 1 | 2 | 2.0 | 25.2 |
| 82 | Marcus | US | North America | 2016 | 1 | 0 | 1 | 2.3 | 1 | 4 | 2.5 | 0 | 3 | 0 | 7 | 0 | 6.5 | 6 | 6 | 1 | 11.8 | 2 | 1 | 2.0 | 25.1 |
| 83 | MariBank | Singapore | Asia Pacific | 2022 | 1 | 5 | 1 | 8.1 | 1 | 4 | 2.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 1 | 2.7 | 1 | 5 | 4.0 | 25.1 |
| 84 | Rakuten Bank | Taiwan | Asia Pacific | 2021 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 4 | 5.5 | 1 | 5 | 4.0 | 24.7 |
| 85 | SweepBank | Malta | Europe | 2021 | 1 | 1 | 1 | 3.5 | 3 | 6 | 4.5 | 0 | 1 | 2 | 7 | 0 | 6.5 | 1 | 1 | 7 | 8.2 | 1 | 2 | 2.0 | 24.7 |
| 86 | Ant Bank | Hong Kong | Asia Pacific | 2020 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 9 | 2 | 0 | 7.8 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 24.6 |
| 87 | Next Bank | Taiwan | Asia Pacific | 2022 | 1 | 1 | 1 | 3.5 | 1 | 9 | 5.0 | 0 | 1 | 5 | 1 | 0 | 4.6 | 1 | 1 | 6 | 7.3 | 1 | 5 | 4.0 | 24.3 |
| 88 | Tandem | UK | Europe | 2014 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 0 | 1 | 1 | 10 | 2 | 9.1 | 2 | 1 | 5 | 7.3 | 1 | 1 | 1.3 | 24.2 |
| 89 | Mashreq Neo | UAE | Middle East and Africa | 2017 | 1 | 5 | 3 | 10.4 | 2 | 9 | 5.5 | 0 | 1 | 1 | 2 | 0 | 2.6 | 1 | 1 | 2 | 3.6 | 1 | 2 | 2.0 | 24.1 |
| 90 | EQ Bank | Canada | North America | 2016 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 4 | 1 | 1 | 7 | 4 | 11.1 | 2 | 2 | 1 | 4.5 | 1 | 2 | 2.0 | 24.1 |
| 91 | GXS Bank | Singapore | Asia Pacific | 2022 | 1 | 3 | 1 | 5.8 | 2 | 4 | 3.0 | 0 | 1 | 7 | 1 | 0 | 5.9 | 1 | 1 | 3 | 4.5 | 2 | 5 | 4.7 | 23.9 |
| 92 | First Internet Bank | US | North America | 1999 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 2 | 1 | 0 | 2 | 2 | 4.6 | 1 | 1 | 9 | 10.0 | 1 | 1 | 1.3 | 23.4 |
| 93 | Liv. | UAE | Middle East and Africa | 2017 | 1 | 1 | 2 | 4.6 | 1 | 8 | 4.5 | 2 | 1 | 1 | 4 | 5 | 8.5 | 1 | 1 | 2 | 3.6 | 1 | 2 | 2.0 | 23.2 |
| 94 | LINE BK | Thailand | Asia Pacific | 2020 | 2 | 3 | 5 | 11.5 | 1 | 5 | 3.0 | 0 | 1 | 1 | 1 | 0 | 2.0 | 1 | 1 | 3 | 4.5 | 1 | 2 | 2.0 | 23.0 |
| 95 | BruBank | Argentina | Latin and South America | 2019 | 1 | 2 | 4 | 8.1 | 1 | 9 | 5.0 | 0 | 1 | 2 | 2 | 2 | 4.6 | 1 | 1 | 1 | 2.7 | 1 | 3 | 2.7 | 23.0 |
| 96 | Lunar | Denmark | Europe | 2015 | 1 | 1 | 1 | 3.5 | 3 | 9 | 6.0 | 0 | 1 | 3 | 4 | 0 | 5.2 | 1 | 1 | 2 | 3.6 | 2 | 5 | 4.7 | 23.0 |
| 97 | Uala | Argentina | Latin and South America | 2017 | 2 | 1 | 2 | 5.8 | 3 | 9 | 6.0 | 0 | 1 | 2 | 3 | 0 | 3.9 | 2 | 1 | 2 | 4.5 | 2 | 2 | 2.7 | 22.9 |
| 98 | Paytm Payments Bank | India | Asia Pacific | 2017 | 6 | 1 | 5 | 13.8 | 1 | 6 | 3.5 | 0 | 1 | 0 | 1 | 0 | 1.3 | 1 | 1 | 1 | 2.7 | 1 | 1 | 1.3 | 22.7 |
| 99 | Kuda | Nigeria | Middle East and Africa | 2019 | 2 | 1 | 5 | 9.2 | 3 | 6 | 4.5 | 0 | 1 | 4 | 1 | 0 | 3.9 | 1 | 1 | 1 | 2.7 | 1 | 2 | 2.0 | 22.4 |
| 100 | Zempler Bank | UK | Europe | 2005 | 1 | 2 | 4 | 8.1 | 1 | 5 | 3.0 | 5 | 1 | 2 | 2 | 1 | 7.2 | 1 | 1 | 1 | 2.7 | 1 | 1 | 1.3 | 22.3 |
Notes:
- Scores for ING Global are based on group retail banking.
- Scores for ING Australia were adjusted for retail banking.
- Scores for digital banks in Japan reflect the calendar year 2023.
- Scores for payments banks in India reflect the fiscal year 2024, which ends in March 2024.
- blu by BCA Indonesia is based on data from BCA Digital.
- Under the assessment dimension ‘coverage’, we mapped the product scope of digital banks across 12 top line products including mortgage, personal loan or SME loan, car loan, credit card, CASA account, time deposit, debit card, e-wallet, international remittances, mutual fund or fixed income, life insurance and non-life insurance.
Source: TABInsights
World’s Top 100 Digital Banks Ranking 2024
Over the past decade, since the start of the fintech boom, the financial services sector has witnessed the emergence of hundreds of stand-alone digital banks globally. These banks have revolutionised how digitally inclined consumers save, borrow, transact and invest.
To monitor this growing array of digital contenders, TABInsights has been assessing the performance of more than 150 leading digital banks globally since 2021, ranking them based on a balanced scorecard. This scorecard evaluates capabilities across five key dimensions: customers, market/product coverage, profitability, asset and deposit growth, and funding. Scale and size aren't the primary determinants; instead, they're weighed against factors like profitability, operational efficiencies, the ability to secure funding, and the manner in which these digital banks maintain a robust loan book and balance sheet.
The assessment encompassed over 150 leading players from 39 markets to identify the Global Top 100 Digital banks. The Top 100 are distributed across various regions: 41 from Asia Pacific, 38 from Europe, 10 from North America, five from South America, and three each from the Middle East and Africa.
| Rank | Digital Bank | Country/Headquarter | Year of launch | Customer | Coverage | Financials | Balance Sheet | Funding | Final Score | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # of users | Growth /month | Users /staff | Total Score | # of markets | # of products | Total Score | ROE | Gross revenue | Revenue growth | Revenue/ user | CIR | Total Score | Assets | Deposits | LDR | Total Score | Funding | Total Score | |||||
| Score | Score | Score | 30% | Score | Score | 10% | Score | Score | Score | Score | Score | 30% | Score | Score | Score | 20% | Score | 10% | |||||
| 6 | 10 | 10 | 30.0 | 10 | 10 | 10.0 | 10 | 6 | 10 | 10 | 10 | 30.0 | 6 | 6 | 10 | 20.0 | 10 | 10.0 | 100.0 | ||||
| 1 | WeBank | China | 2015 | 6 | 5 | 7 | 20.8 | 1 | 9 | 5.0 | 9 | 4 | 2 | 1 | 8 | 15.7 | 5 | 4 | 9 | 16.4 | 2 | 2.0 | 59.8 |
| 2 | Ally Bank | US | 2009 | 3 | 1 | 1 | 5.8 | 1 | 10 | 5.5 | 8 | 4 | 1 | 10 | 6 | 18.9 | 6 | 6 | 10 | 20.0 | 8 | 8.0 | 58.2 |
| 3 | ING (Global) | Netherlands | 1991 | 4 | 0 | 1 | 5.8 | 10 | 10 | 10.0 | 6 | 5 | 0 | 7 | 3 | 13.7 | 6 | 6 | 9 | 19.1 | 8 | 8.0 | 56.6 |
| 4 | KakaoBank | South Korea | 2017 | 4 | 9 | 4 | 19.6 | 1 | 8 | 4.5 | 3 | 2 | 2 | 2 | 6 | 9.8 | 4 | 3 | 10 | 15.5 | 6 | 6.0 | 55.4 |
| 5 | Nubank | Brazil | 2014 | 5 | 9 | 4 | 20.8 | 3 | 9 | 6.0 | 0 | 3 | 5 | 2 | 3 | 8.5 | 3 | 3 | 3 | 8.2 | 6 | 6.0 | 49.4 |
| 6 | Suning Bank | China | 2017 | 5 | 2 | 7 | 16.2 | 1 | 6 | 3.5 | 7 | 2 | 1 | 1 | 10 | 13.7 | 3 | 3 | 9 | 13.6 | 2 | 2.0 | 49.0 |
| 7 | Tinkoff Bank | Russia | 2007 | 4 | 9 | 3 | 18.5 | 1 | 8 | 4.5 | 6 | 3 | 1 | 5 | 4 | 12.4 | 3 | 3 | 7 | 11.8 | 1 | 1.0 | 48.2 |
| 8 | ING | Germany | 2000 | 2 | 0 | 1 | 3.5 | 1 | 10 | 5.5 | 7 | 3 | 1 | 6 | 5 | 14.3 | 6 | 6 | 9 | 19.1 | 5 | 5.0 | 47.4 |
| 9 | MYBank | China | 2015 | 4 | 1 | 5 | 11.5 | 1 | 4 | 2.5 | 6 | 3 | 1 | 2 | 9 | 13.7 | 5 | 4 | 10 | 17.3 | 2 | 2.0 | 47.0 |
| 10 | K-Bank | South Korea | 2017 | 2 | 5 | 4 | 12.7 | 1 | 9 | 5.0 | 2 | 1 | 3 | 2 | 7 | 9.8 | 3 | 3 | 9 | 13.6 | 4 | 4.0 | 45.1 |
| 11 | SBI Sumishin Net Bank | Japan | 2007 | 2 | 2 | 3 | 8.1 | 1 | 10 | 5.5 | 6 | 1 | 1 | 4 | 5 | 11.1 | 5 | 4 | 10 | 17.3 | 1 | 1.0 | 42.9 |
| 12 | Klarna | Sweden | 2017 | 6 | 1 | 5 | 13.8 | 10 | 4 | 7.0 | 0 | 3 | 1 | 1 | 0 | 3.3 | 3 | 2 | 9 | 12.7 | 6 | 6.0 | 42.8 |
| 13 | Toss Bank | South Korea | 2021 | 2 | 10 | 4 | 18.5 | 1 | 4 | 2.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 3 | 3 | 5 | 10.0 | 3 | 3.0 | 41.8 |
| 14 | Rakuten Bank | Japan | 2001 | 3 | 2 | 4 | 10.4 | 1 | 10 | 5.5 | 6 | 2 | 1 | 2 | 5 | 10.4 | 5 | 5 | 5 | 13.6 | 1 | 1.0 | 41.0 |
| 15 | Sony Bank | Japan | 2001 | 1 | 1 | 2 | 4.6 | 1 | 10 | 5.5 | 6 | 1 | 1 | 6 | 4 | 11.7 | 4 | 3 | 10 | 15.5 | 2 | 2.0 | 39.3 |
| 16 | KCB Bank | China | 2015 | 3 | 1 | 5 | 10.4 | 1 | 4 | 2.5 | 5 | 1 | 5 | 2 | 9 | 14.3 | 2 | 2 | 8 | 10.9 | 1 | 1.0 | 39.1 |
| 17 | aiBank | China | 2017 | 6 | 2 | 6 | 16.2 | 1 | 6 | 3.5 | 4 | 2 | 2 | 1 | 8 | 11.1 | 3 | 2 | 1 | 5.5 | 2 | 2.0 | 38.2 |
| 18 | Starling Bank | UK | 2015 | 1 | 3 | 1 | 5.8 | 1 | 5 | 3.0 | 9 | 1 | 5 | 5 | 5 | 16.3 | 3 | 3 | 5 | 10.0 | 3 | 3.0 | 38.1 |
| 19 | OakNorth Bank | UK | 2015 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 7 | 1 | 1 | 10 | 9 | 18.3 | 2 | 1 | 10 | 11.8 | 1 | 1.0 | 37.5 |
| 20 | XW Bank | China | 2016 | 5 | 1 | 6 | 13.8 | 1 | 4 | 2.5 | 5 | 2 | 2 | 1 | 9 | 12.4 | 3 | 2 | 3 | 7.3 | 1 | 1.0 | 37.0 |
| 21 | Z-Bank | China | 2017 | 4 | 1 | 6 | 12.7 | 1 | 4 | 2.5 | 2 | 1 | 1 | 1 | 7 | 7.8 | 3 | 3 | 7 | 11.8 | 2 | 2.0 | 36.8 |
| 22 | C6 | Brazil | 2019 | 3 | 5 | 2 | 11.5 | 1 | 9 | 5.0 | 0 | 1 | 6 | 1 | 0 | 5.2 | 2 | 1 | 9 | 10.9 | 4 | 4.0 | 36.7 |
| 23 | Wise | UK | 2011 | 3 | 1 | 2 | 6.9 | 10 | 3 | 6.5 | 8 | 3 | 3 | 3 | 5 | 14.3 | 3 | 1 | 1 | 4.5 | 4 | 4.0 | 36.3 |
| 24 | Air Bank | Czech Republic | 2011 | 1 | 2 | 1 | 4.6 | 2 | 8 | 5.0 | 8 | 1 | 2 | 6 | 7 | 15.7 | 2 | 2 | 7 | 10.0 | 1 | 1.0 | 36.3 |
| 25 | LendingClub Bank | US | 2021 | 1 | 1 | 2 | 4.6 | 1 | 3 | 2.0 | 7 | 3 | 2 | 7 | 3 | 14.3 | 2 | 2 | 10 | 12.7 | 2 | 2.0 | 35.7 |
| 26 | ING | Australia | 1999 | 1 | 1 | 1 | 3.5 | 1 | 8 | 4.5 | 5 | 2 | 1 | 7 | 6 | 13.7 | 4 | 4 | 5 | 11.8 | 2 | 2.0 | 35.5 |
| 27 | Tangerine | Canada | 2012 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 7 | 2 | 3 | 7 | 6 | 16.3 | 4 | 4 | 3 | 10.0 | 1 | 1.0 | 34.8 |
| 28 | Axos Bank | US | 2000 | 1 | 1 | 1 | 3.5 | 1 | 8 | 4.5 | 7 | 2 | 1 | 1 | 6 | 11.1 | 3 | 3 | 9 | 13.6 | 1 | 1.0 | 33.7 |
| 29 | illimity | Italy | 2019 | 1 | 1 | 1 | 3.5 | 1 | 7 | 4.0 | 5 | 1 | 1 | 10 | 4 | 13.7 | 2 | 1 | 9 | 10.9 | 1 | 1.0 | 33.1 |
| 30 | knab | Netherlands | 2012 | 1 | 1 | 1 | 3.5 | 1 | 10 | 5.5 | 2 | 1 | 0 | 10 | 1 | 9.1 | 3 | 3 | 8 | 12.7 | 2 | 2.0 | 32.8 |
| 31 | au Jibun Bank | Japan | 2008 | 1 | 1 | 4 | 6.9 | 1 | 9 | 5.0 | 2 | 1 | 1 | 3 | 1 | 5.2 | 3 | 3 | 9 | 13.6 | 2 | 2.0 | 32.8 |
| 32 | Revolut | UK | 2015 | 4 | 1 | 2 | 8.1 | 10 | 9 | 9.5 | 2 | 3 | 2 | 2 | 1 | 6.5 | 3 | 1 | 1 | 4.5 | 4 | 4.0 | 32.6 |
| 33 | imaginBank | Spain | 2016 | 1 | 2 | 6 | 10.4 | 1 | 8 | 4.5 | 7 | 1 | 1 | 1 | 7 | 11.1 | 1 | 1 | 4 | 5.5 | 1 | 1.0 | 32.4 |
| 34 | Northmill Bank | Sweden | 2006 | 1 | 1 | 2 | 4.6 | 4 | 6 | 5.0 | 5 | 1 | 2 | 4 | 7 | 12.4 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 32.1 |
| 35 | Boursorama | France | 1995 | 1 | 4 | 3 | 9.2 | 1 | 10 | 5.5 | 0 | 1 | 1 | 2 | 0 | 2.6 | 5 | 4 | 6 | 13.6 | 1 | 1.0 | 32.0 |
| 36 | Allo Bank | Indonesia | 2021 | 2 | 6 | 4 | 13.8 | 1 | 4 | 2.5 | 4 | 1 | 6 | 1 | 6 | 11.7 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 31.8 |
| 37 | Yillion Bank | China | 2017 | 4 | 1 | 7 | 13.8 | 1 | 5 | 3.0 | 2 | 1 | 0 | 1 | 6 | 6.5 | 2 | 1 | 5 | 7.3 | 1 | 1.0 | 31.6 |
| 38 | Marcus | US | 2016 | 3 | 3 | 3 | 10.4 | 1 | 4 | 2.5 | 0 | 3 | 1 | 5 | 0 | 5.9 | 6 | 6 | 1 | 11.8 | 1 | 1.0 | 31.6 |
| 39 | Tandem | UK | 2014 | 1 | 1 | 1 | 3.5 | 1 | 6 | 3.5 | 0 | 1 | 10 | 10 | 1 | 14.3 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 31.4 |
| 40 | SeaBank | Indonesia | 2021 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 1 | 1 | 10 | 1 | 9 | 14.3 | 1 | 1 | 9 | 10.0 | 1 | 1.0 | 31.3 |
| 41 | bunq | Netherlands | 2015 | 2 | 1 | 4 | 8.1 | 10 | 7 | 8.5 | 0 | 1 | 6 | 1 | 0 | 5.2 | 1 | 1 | 7 | 8.2 | 1 | 1.0 | 31.0 |
| 42 | Airtel P Bank | India | 2017 | 6 | 5 | 7 | 20.8 | 1 | 5 | 3.0 | 1 | 1 | 2 | 1 | 0 | 3.3 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 30.8 |
| 43 | TymeBank | South Africa | 2019 | 2 | 6 | 4 | 13.8 | 1 | 5 | 3.0 | 0 | 1 | 8 | 1 | 0 | 6.5 | 1 | 1 | 5 | 6.4 | 1 | 1.0 | 30.7 |
| 44 | PayPay Bank | Japan | 2018 | 2 | 2 | 4 | 9.2 | 1 | 7 | 4.0 | 3 | 1 | 1 | 2 | 2 | 5.9 | 3 | 3 | 4 | 9.1 | 2 | 2.0 | 30.2 |
| 45 | Fortuneo | France | 2000 | 1 | 1 | 1 | 3.5 | 1 | 10 | 5.5 | 1 | 2 | 1 | 6 | 0 | 6.5 | 3 | 3 | 9 | 13.6 | 1 | 1.0 | 30.1 |
| 46 | N26 | Germany | 2015 | 2 | 1 | 3 | 6.9 | 10 | 7 | 8.5 | 0 | 1 | 3 | 1 | 0 | 3.3 | 2 | 2 | 4 | 7.3 | 4 | 4.0 | 30.0 |
| 47 | Bank Jago | Indonesia | 2020 | 2 | 3 | 4 | 10.4 | 1 | 6 | 3.5 | 1 | 1 | 5 | 1 | 2 | 6.5 | 1 | 1 | 6 | 7.3 | 2 | 2.0 | 29.7 |
| 48 | WEX Bank | US | 2000 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 9 | 3 | 1 | 5 | 2 | 13 | 2 | 1 | 8 | 10.0 | 1 | 1.0 | 29.5 |
| 49 | Trust Bank | Singapore | 2022 | 1 | 10 | 1 | 13.8 | 1 | 5 | 3.0 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 2 | 3.6 | 1 | 1.0 | 29.3 |
| 50 | Fjord Bank | Lithuania | 2019 | 1 | 1 | 1 | 3.5 | 4 | 5 | 4.5 | 0 | 1 | 10 | 6 | 0 | 11.1 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 29.1 |
| 51 | SoFi | US | 2011 | 2 | 1 | 1 | 4.6 | 2 | 10 | 6.0 | 0 | 3 | 2 | 7 | 0 | 7.8 | 3 | 2 | 1 | 5.5 | 5 | 5.0 | 28.9 |
| 52 | Zopa Bank | UK | 2020 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 0 | 1 | 4 | 6 | 6 | 11.1 | 1 | 1 | 8 | 9.1 | 2 | 2.0 | 28.6 |
| 53 | MOX Bank | Hong Kong | 2020 | 1 | 4 | 1 | 6.9 | 1 | 5 | 3.0 | 0 | 1 | 10 | 3 | 0 | 9.1 | 1 | 1 | 7 | 8.2 | 1 | 1.0 | 28.2 |
| 54 | NBKC | US | 1999 | 1 | 1 | 1 | 3.5 | 1 | 9 | 5.0 | 6 | 1 | 0 | 7 | 2 | 10.4 | 1 | 1 | 7 | 8.2 | 1 | 1.0 | 28.1 |
| 55 | Neon | Brazil | 2016 | 4 | 5 | 3 | 13.8 | 1 | 6 | 3.5 | 0 | 1 | 7 | 1 | 0 | 5.9 | 1 | 1 | 1 | 2.7 | 2 | 2.0 | 27.9 |
| 56 | GXS Bank | Singapore | 2022 | 1 | 10 | 1 | 13.8 | 1 | 4 | 2.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 27.9 |
| 57 | UnionDigital Bank | Philippines | 2022 | 1 | 6 | 4 | 12.7 | 1 | 3 | 2.0 | 0 | 1 | 2 | 1 | 0 | 2.6 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 27.4 |
| 58 | SweepBank | Malta | 2021 | 1 | 1 | 1 | 3.5 | 5 | 6 | 5.5 | 0 | 1 | 4 | 6 | 0 | 7.2 | 1 | 1 | 9 | 10.0 | 1 | 1.0 | 27.1 |
| 59 | Judo Bank | Australia | 2018 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 2 | 1 | 4 | 10 | 3 | 13 | 2 | 1 | 1 | 3.6 | 4 | 4.0 | 26.6 |
| 60 | Monobank | Ukraine | 2017 | 2 | 9 | 3 | 16.2 | 1 | 8 | 4.5 | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 26.3 |
| 61 | Seven Bank | Japan | 2001 | 1 | 1 | 2 | 4.6 | 4 | 5 | 4.5 | 4 | 2 | 1 | 7 | 2 | 10.4 | 3 | 2 | 1 | 5.5 | 1 | 1.0 | 26.0 |
| 62 | Anext Bank | Singapore | 2022 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 10 | 5 | 0 | 10.4 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 26.0 |
| 63 | Allica Bank | UK | 2020 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 10 | 1 | 1 | 8.5 | 1 | 1 | 10 | 10.9 | 1 | 1.0 | 25.8 |
| 64 | Atom Bank | UK | 2015 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 0 | 1 | 2 | 10 | 0 | 8.5 | 2 | 2 | 6 | 9.1 | 2 | 2.0 | 25.5 |
| 65 | WeLab Bank | Hong Kong | 2020 | 1 | 1 | 1 | 3.5 | 1 | 5 | 3.0 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 9 | 10.0 | 1 | 1.0 | 25.3 |
| 66 | ZA Bank | Hong Kong | 2020 | 1 | 4 | 1 | 6.9 | 1 | 8 | 4.5 | 0 | 1 | 3 | 3 | 0 | 4.6 | 1 | 1 | 6 | 7.3 | 2 | 2.0 | 25.3 |
| 67 | Carbon | Nigeria | 2012 | 1 | 1 | 5 | 8.1 | 3 | 3 | 3.0 | 5 | 1 | 1 | 1 | 8 | 10.4 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 25.2 |
| 68 | Paytm P Bank | India | 2017 | 6 | 1 | 5 | 13.8 | 1 | 6 | 3.5 | 3 | 1 | 1 | 1 | 0 | 3.9 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 25.0 |
| 69 | CIMB | Philippines | 2018 | 2 | 2 | 4 | 9.2 | 1 | 6 | 3.5 | 0 | 1 | 4 | 1 | 0 | 3.9 | 1 | 1 | 6 | 7.3 | 1 | 1.0 | 24.9 |
| 70 | PAObank | Hong Kong | 2020 | 1 | 1 | 1 | 3.5 | 1 | 3 | 2.0 | 0 | 1 | 7 | 3 | 0 | 7.2 | 1 | 1 | 10 | 10.9 | 1 | 1.0 | 24.5 |
| 71 | Openbank | Spain | 1995 | 1 | 1 | 1 | 3.5 | 5 | 10 | 7.5 | 1 | 1 | 1 | 4 | 1 | 5.2 | 3 | 3 | 2 | 7.3 | 1 | 1.0 | 24.5 |
| 72 | Monzo | UK | 2015 | 2 | 1 | 2 | 5.8 | 2 | 8 | 5.0 | 0 | 1 | 5 | 2 | 0 | 5.2 | 2 | 2 | 2 | 5.5 | 3 | 3.0 | 24.4 |
| 73 | First Internet Bank | US | 1999 | 1 | 1 | 1 | 3.5 | 1 | 6 | 3.5 | 4 | 1 | 1 | 1 | 4 | 7.2 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 24.2 |
| 74 | Lunar | Denmark | 2015 | 1 | 2 | 1 | 4.6 | 3 | 8 | 5.5 | 0 | 1 | 10 | 2 | 0 | 8.5 | 1 | 1 | 3 | 4.5 | 1 | 1.0 | 24.1 |
| 75 | Chime | US | 2014 | 3 | 2 | 3 | 9.2 | 2 | 5 | 3.5 | 0 | 2 | 2 | 3 | 0 | 4.6 | 1 | 1 | 1 | 2.7 | 4 | 4.0 | 24.0 |
| 76 | Kompasbank | Denmark | 2021 | 1 | 1 | 1 | 3.5 | 1 | 2 | 1.5 | 0 | 1 | 10 | 5 | 0 | 10.4 | 1 | 1 | 6 | 7.3 | 1 | 1.0 | 23.7 |
| 77 | Aprila Bank | Norway | 2018 | 1 | 1 | 1 | 3.5 | 1 | 2 | 1.5 | 0 | 1 | 4 | 10 | 2 | 11.1 | 1 | 1 | 5 | 6.4 | 1 | 1.0 | 23.4 |
| 78 | Alex Bank | Australia | 2021 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 0 | 1 | 10 | 10 | 0 | 13.7 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 23.4 |
| 79 | livi Bank | Hong Kong | 2020 | 1 | 2 | 1 | 4.6 | 1 | 6 | 3.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 5 | 6.4 | 1 | 1.0 | 23.3 |
| 80 | Hello Bank! | France | 2013 | 1 | 1 | 2 | 4.6 | 5 | 10 | 7.5 | 0 | 1 | 1 | 2 | 0 | 2.6 | 4 | 3 | 1 | 7.3 | 1 | 1.0 | 23.0 |
| 81 | LINE BK | Thailand | 2020 | 2 | 4 | 4 | 11.5 | 1 | 5 | 3.0 | 0 | 1 | 2 | 1 | 0 | 2.6 | 1 | 1 | 3 | 4.5 | 1 | 1.0 | 22.7 |
| 82 | Curve | UK | 2018 | 1 | 1 | 4 | 6.9 | 10 | 4 | 7.0 | 0 | 1 | 2 | 1 | 0 | 2.6 | 1 | 1 | 1 | 2.7 | 3 | 3.0 | 22.3 |
| 83 | Green Link Digital Bank | Singapore | 2022 | 1 | 1 | 1 | 3.5 | 1 | 4 | 2.5 | 0 | 1 | 10 | 1 | 0 | 7.8 | 1 | 1 | 6 | 7.3 | 1 | 1.0 | 22.1 |
| 84 | Mach | Chile | 2017 | 1 | 4 | 4 | 10.4 | 1 | 7 | 4.0 | 0 | 1 | 3 | 1 | 0 | 3.3 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 21.4 |
| 85 | Orange Bank | France | 2017 | 1 | 2 | 2 | 5.8 | 2 | 5 | 3.5 | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 21.3 |
| 86 | Maya Bank | Philippines | 2022 | 1 | 4 | 5 | 11.5 | 1 | 4 | 2.5 | 0 | 1 | 2 | 1 | 0 | 2.6 | 1 | 1 | 2 | 3.6 | 1 | 1.0 | 21.3 |
| 87 | NSDL P Bank | India | 2017 | 1 | 1 | 2 | 4.6 | 1 | 4 | 2.5 | 0 | 1 | 10 | 5 | 0 | 10.4 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 21.3 |
| 88 | Lydia | France | 2013 | 2 | 3 | 5 | 11.5 | 3 | 5 | 4.0 | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 21.2 |
| 89 | Monabanq | France | 2006 | 1 | 1 | 1 | 3.5 | 1 | 9 | 5.0 | 0 | 1 | 1 | 2 | 0 | 2.6 | 1 | 1 | 8 | 9.1 | 1 | 1.0 | 21.2 |
| 90 | Papara | Turkey | 2016 | 3 | 1 | 5 | 10.4 | 1 | 5 | 3.0 | 1 | 1 | 2 | 1 | 1 | 3.9 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 21.0 |
| 91 | Holvi | Finland | 2011 | 1 | 1 | 1 | 3.5 | 9 | 4 | 6.5 | 0 | 1 | 4 | 6 | 0 | 7.2 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 20.9 |
| 92 | Mashreq Neo | UAE | 2017 | 1 | 1 | 5 | 8.1 | 1 | 9 | 5.0 | 0 | 1 | 2 | 3 | 0 | 3.9 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 20.7 |
| 93 | LINE Bank | Taiwan | 2021 | 1 | 5 | 2 | 9.2 | 1 | 5 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 6 | 7.3 | 1 | 1.0 | 20.5 |
| 94 | Liv. | UAE | 2017 | 1 | 1 | 3 | 5.8 | 2 | 8 | 5.0 | 1 | 1 | 1 | 3 | 3 | 5.9 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 20.4 |
| 95 | Uala | Argentina | 2017 | 2 | 2 | 2 | 6.9 | 3 | 5 | 4.0 | 0 | 1 | 3 | 3 | 0 | 4.6 | 1 | 1 | 1 | 2.7 | 2 | 2.0 | 20.2 |
| 96 | blu | Indonesia | 2021 | 1 | 1 | 2 | 4.6 | 1 | 5 | 3.0 | 0 | 1 | 4 | 1 | 0 | 3.9 | 1 | 1 | 6 | 7.3 | 1 | 1.0 | 19.8 |
| 97 | Kuda | Nigeria | 2019 | 1 | 3 | 5 | 10.4 | 2 | 5 | 3.5 | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 19.6 |
| 98 | ila | Bahrain | 2020 | 1 | 4 | 2 | 8.1 | 2 | 7 | 4.5 | 0 | 1 | 2 | 2 | 0 | 3.3 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 19.6 |
| 99 | Monese | UK | 2015 | 1 | 1 | 3 | 5.8 | 10 | 6 | 8.0 | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 1 | 2.7 | 1 | 1.0 | 19.5 |
| 100 | Qonto | France | 2017 | 1 | 1 | 1 | 3.5 | 4 | 5 | 4.5 | 0 | 1 | 1 | 8 | 0 | 6.5 | 1 | 1 | 1 | 2.7 | 2 | 2.0 | 19.2 |
Notes:
- Scores for ING Global are based on group retail banking.
- Scores for ING Australia were adjusted for retail banking.
- Scores for digital banks in Japan reflect the calendar year 2022.
- Scores for payment banks in India reflect the fiscal year 2022, which concludes in March 2022.
- blu by BCA Indonesia is based on data from BCA Digital.
- Under the assessment dimension 'coverage,' we mapped the product scope of digital banks across 12 top-line products, including mortgage, personal loan, car loan, credit card, CASA account, time deposit, debit card, e-wallet, international remittances, mutual fund/fixed income, life insurance, and non-life insurance.
Source: TABInsights
World’s Top 100 Digital Banks Ranking 2023
Over the last decade since the start of the fintech boom, the financial services sector has seen the rise of more than a hundred stand-alone digital banks globally. They have transformed the way digitally inclined consumers save, borrow, transact and invest.
To track this increasing array of mobile based virtual contenders, TABInsights has launched the world’s first comprehensive assessment of global digital banks that ranks them according to a balanced scorecard derived from an objective and transparent set of evaluation criteria. The scorecard assessment covers capabilities mapped across five key dimensions: customer, market/product coverage, profitability, asset and deposit growth and funding. Scale and size are not the main determinant, and are balanced with profitability, operational efficiencies, the ability to raise funds and the way these digital banks grow a healthy loan book and balance sheet. The global top 100 digital bank ranking covers digital banks from 36 countries across all major world regions.
| Rank | Digital Bank | Country/Headquarter | Year of launch | Customer | Coverage | Financials | Balance Sheet | Funding | Final score | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # of users | Growth /month | Users /staff | Total Score | # of markets | # of products | Total Score | ROE | Gross revenue | Revenue growth | Revenue/ user | CIR | Total Score | Assets | Deposits | LDR | Total Score | Funding | Total Score | |||||
| Score | Score | Score | 30% | Score | Score | 10% | Score | Score | Score | Score | Score | 30% | Score | Score | Score | 20% | Score | 10% | |||||
| 10 | 10 | 10 | 30.0 | 10 | 10 | 10.0 | 10 | 10 | 10 | 10 | 10 | 30.0 | 10 | 10 | 10 | 20.0 | 10 | 10.0 | 100.0 | ||||
| 1 | WeBank | China | 2015 | 10 | 10 | 7 | 27.0 | 1 | 9 | 5.0 | 8 | 5 | 2 | 1 | 8 | 14.4 | 9 | 6 | 10 | 16.7 | 2 | 2.0 | 65.1 |
| 2 | ING (Global) | Netherland | 1991 | 7 | 0 | 1 | 8.0 | 10 | 9 | 9.5 | 6 | 7 | 1 | 8 | 3 | 15.0 | 10 | 10 | 9 | 19.3 | 9 | 9.0 | 60.8 |
| 3 | Ally Bank | US | 2009 | 4 | 4 | 1 | 9.0 | 1 | 10 | 5.5 | 7 | 6 | 1 | 10 | 6 | 18.0 | 10 | 10 | 10 | 20.0 | 8 | 8.0 | 60.5 |
| 4 | MYBank | China | 2015 | 8 | 7 | 5 | 20.0 | 1 | 3 | 2.0 | 4 | 5 | 3 | 2 | 8 | 13.2 | 9 | 5 | 10 | 16.0 | 3 | 3.0 | 54.2 |
| 5 | Klarna | Sweden | 2017 | 10 | 10 | 5 | 25.0 | 10 | 2 | 6.0 | 0 | 5 | 2 | 1 | 0 | 4.8 | 4 | 2 | 7 | 8.7 | 6 | 6.0 | 50.5 |
| 6 | Tinkoff Bank | Russia | 2007 | 5 | 7 | 3 | 15.0 | 1 | 8 | 4.5 | 10 | 5 | 2 | 5 | 9 | 18.6 | 4 | 3 | 10 | 11.3 | 1 | 1.0 | 50.4 |
| 7 | Suning Bank | China | 2017 | 8 | 8 | 7 | 23.0 | 1 | 4 | 2.5 | 5 | 4 | 1 | 1 | 10 | 12.6 | 4 | 3 | 8 | 10.0 | 2 | 2.0 | 50.1 |
| 8 | KakaoBank | South Korea | 2017 | 5 | 6 | 4 | 15.0 | 1 | 8 | 4.5 | 2 | 4 | 3 | 2 | 6 | 10.2 | 5 | 4 | 10 | 12.7 | 6 | 6.0 | 48.4 |
| 9 | ING | Germany | <2000 | 3 | 1 | 1 | 5.0 | 1 | 6 | 3.5 | 6 | 5 | 0 | 6 | 4 | 12.6 | 10 | 10 | 9 | 19.3 | 6 | 6.0 | 46.4 |
| 10 | Nubank | Brazil | 2014 | 8 | 9 | 3 | 20.0 | 3 | 6 | 4.5 | 0 | 5 | 4 | 1 | 3 | 7.8 | 4 | 3 | 2 | 6.0 | 6 | 6.0 | 44.3 |
| 11 | Rakuten Bank | Japan | 2001 | 4 | 5 | 4 | 13.0 | 3 | 10 | 6.5 | 4 | 4 | 1 | 2 | 4 | 9.0 | 10 | 8 | 4 | 14.7 | 1 | 1.0 | 44.2 |
| 12 | aiBank | China | 2017 | 10 | 9 | 6 | 25.0 | 1 | 5 | 3.0 | 1 | 3 | 3 | 1 | 7 | 9.0 | 4 | 2 | 1 | 4.7 | 2 | 2.0 | 43.7 |
| 13 | K-Bank | South Korea | 2017 | 3 | 6 | 4 | 13.0 | 1 | 9 | 5.0 | 1 | 3 | 10 | 1 | 3 | 10.8 | 4 | 3 | 9 | 10.7 | 4 | 4.0 | 43.5 |
| 14 | XW Bank | China | 2016 | 9 | 9 | 6 | 24.0 | 1 | 4 | 2.5 | 5 | 3 | 1 | 1 | 8 | 10.8 | 3 | 2 | 1 | 4.0 | 1 | 1.0 | 42.3 |
| 15 | SBI Sumishin | Japan | 2007 | 2 | 3 | 3 | 8.0 | 1 | 10 | 5.5 | 5 | 3 | 1 | 5 | 4 | 10.8 | 9 | 7 | 9 | 16.7 | 1 | 1.0 | 42.0 |
| 16 | NBKC | US | 1999 | 1 | 1 | 1 | 3.0 | 1 | 9 | 5.0 | 8 | 3 | 0 | 8 | 2 | 12.6 | 1 | 1 | 8 | 6.7 | 10 | 10.0 | 37.3 |
| 17 | Marcus | US | 2016 | 4 | 5 | 2 | 11.0 | 1 | 5 | 3.0 | 0 | 5 | 1 | 5 | 0 | 6.6 | 10 | 10 | 2 | 14.7 | 1 | 1.0 | 36.3 |
| 18 | Sony Bank | Japan | 2001 | 2 | 1 | 2 | 5.0 | 1 | 10 | 5.5 | 4 | 3 | 1 | 6 | 3 | 10.2 | 6 | 4 | 10 | 13.3 | 2 | 2.0 | 36.0 |
| 19 | Wise | UK | 2011 | 4 | 5 | 2 | 11.0 | 10 | 2 | 6.0 | 5 | 4 | 2 | 3 | 6 | 12.0 | 3 | 1 | 1 | 3.3 | 3 | 3.0 | 35.3 |
| 20 | C6 | Brazil | 2019 | 3 | 5 | 2 | 10.0 | 1 | 7 | 4.0 | 0 | 3 | 10 | 1 | 0 | 8.4 | 2 | 2 | 8 | 8.0 | 4 | 4.0 | 34.4 |
| 21 | au Jibun Bank | Japan | 2008 | 2 | 3 | 4 | 9.0 | 1 | 9 | 5.0 | 1 | 3 | 1 | 3 | 1 | 5.4 | 5 | 4 | 10 | 12.7 | 2 | 2.0 | 34.1 |
| 22 | Revolut | UK | 2015 | 5 | 5 | 3 | 13.0 | 10 | 9 | 9.5 | 0 | 3 | 2 | 1 | 0 | 3.6 | 3 | 1 | 1 | 3.3 | 4 | 4.0 | 33.4 |
| 23 | SoFi | US | 2011 | 2 | 5 | 1 | 8.0 | 2 | 10 | 6.0 | 0 | 4 | 3 | 7 | 0 | 8.4 | 3 | 1 | 1 | 3.3 | 5 | 5.0 | 30.7 |
| 24 | Air Bank | Czech Republic | 2011 | 1 | 2 | 1 | 4.0 | 2 | 8 | 5.0 | 5 | 3 | 1 | 6 | 6 | 12.6 | 3 | 2 | 7 | 8.0 | 1 | 1.0 | 30.6 |
| 25 | N26 | Germany | 2015 | 3 | 4 | 2 | 9.0 | 10 | 8 | 9.0 | 0 | 2 | 1 | 1 | 0 | 2.4 | 3 | 2 | 4 | 6.0 | 4 | 4.0 | 30.4 |
| 26 | ING | Australia | 1999 | 2 | 1 | 1 | 4.0 | 1 | 7 | 4.0 | 4 | 4 | 1 | 7 | 4 | 12.0 | 6 | 5 | 3 | 9.3 | 1 | 1.0 | 30.3 |
| 27 | UBank | Australia | 2008 | 1 | 1 | 1 | 3.0 | 1 | 6 | 3.5 | 4 | 3 | 1 | 8 | 5 | 12.6 | 4 | 3 | 8 | 10.0 | 1 | 1.0 | 30.1 |
| 28 | Chime | US | 2014 | 4 | 5 | 3 | 12.0 | 2 | 5 | 3.5 | 0 | 4 | 7 | 3 | 0 | 8.4 | 1 | 1 | 1 | 2.0 | 4 | 4.0 | 29.9 |
| 29 | Paytm P Bank | India | 2017 | 9 | 6 | 5 | 20.0 | 1 | 6 | 3.5 | 1 | 3 | 0 | 1 | 0 | 3.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 29.5 |
| 30 | imaginBank | Spain | 2016 | 2 | 4 | 6 | 12.0 | 1 | 5 | 3.0 | 6 | 1 | 1 | 1 | 7 | 9.6 | 1 | 1 | 3 | 3.3 | 1 | 1.0 | 28.9 |
| 31 | Tangerine | Canada | 2012 | 2 | 1 | 1 | 4.0 | 1 | 6 | 3.5 | 4 | 3 | 1 | 6 | 3 | 10.2 | 6 | 5 | 3 | 9.3 | 1 | 1.0 | 28.0 |
| 32 | PayPay Bank | Japan | 2018 | 3 | 3 | 4 | 10.0 | 1 | 6 | 3.5 | 3 | 3 | 1 | 2 | 2 | 6.6 | 4 | 3 | 3 | 6.7 | 1 | 1.0 | 27.8 |
| 33 | OakNorth | UK | 2015 | 1 | 0 | 1 | 2.0 | 1 | 5 | 3.0 | 6 | 3 | 1 | 10 | 9 | 17.4 | 2 | 2 | 1 | 3.3 | 2 | 2.0 | 27.7 |
| 34 | Seven Bank | Japan | 2001 | 2 | 2 | 2 | 6.0 | 1 | 4 | 2.5 | 5 | 4 | 0 | 8 | 3 | 12.0 | 4 | 2 | 1 | 4.7 | 2 | 2.0 | 27.2 |
| 35 | Boursorama | France | 1995 | 2 | 4 | 2 | 8.0 | 1 | 10 | 5.5 | 0 | 3 | 1 | 2 | 0 | 3.6 | 8 | 4 | 1 | 8.7 | 1 | 1.0 | 26.8 |
| 36 | knab | Netherland | 2012 | 1 | 0 | 1 | 2.0 | 1 | 10 | 5.5 | 0 | 3 | 1 | 8 | 1 | 7.8 | 4 | 3 | 7 | 9.3 | 2 | 2.0 | 26.6 |
| 37 | Hello Bank! | France | 2013 | 2 | 3 | 2 | 7.0 | 5 | 10 | 7.5 | 0 | 2 | 1 | 2 | 0 | 3.0 | 6 | 5 | 1 | 8.0 | 1 | 1.0 | 26.5 |
| 38 | Airtel P Bank | India | 2017 | 6 | 5 | 6 | 17.0 | 1 | 5 | 3.0 | 0 | 2 | 2 | 1 | 0 | 3.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 26.0 |
| 39 | Judo Bank | Australia | 2018 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 2 | 8 | 10 | 0 | 12.0 | 3 | 1 | 1 | 3.3 | 4 | 4.0 | 24.8 |
| 40 | bunq | Netherland | 2015 | 2 | 1 | 3 | 6.0 | 10 | 7 | 8.5 | 0 | 1 | 10 | 1 | 0 | 7.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 24.7 |
| 41 | Neon | Brazil | 2016 | 5 | 6 | 3 | 14.0 | 1 | 6 | 3.5 | 0 | 1 | 5 | 1 | 0 | 4.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 24.7 |
| 42 | Papara | Turkey | 2016 | 4 | 6 | 5 | 15.0 | 1 | 4 | 2.5 | 1 | 1 | 2 | 1 | 1 | 3.6 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 24.1 |
| 43 | Starling | UK | 2015 | 2 | 4 | 1 | 7.0 | 1 | 5 | 3.0 | 0 | 3 | 1 | 3 | 0 | 4.2 | 3 | 3 | 5 | 7.3 | 2 | 2.0 | 23.5 |
| 44 | LINE BK | Thailand | 2020 | 2 | 5 | 4 | 11.0 | 1 | 4 | 2.5 | 0 | 2 | 5 | 1 | 0 | 4.8 | 1 | 2 | 2 | 3.3 | 1 | 1.0 | 22.6 |
| 45 | PAObank | Hong Kong | 2020 | 1 | 1 | 1 | 3.0 | 1 | 3 | 2.0 | 0 | 1 | 10 | 3 | 0 | 8.4 | 1 | 1 | 10 | 8.0 | 1 | 1.0 | 22.4 |
| 46 | Curve | UK | 2018 | 2 | 4 | 3 | 9.0 | 10 | 4 | 7.0 | 0 | 1 | 3 | 1 | 0 | 3.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 22.0 |
| 47 | Monzo | UK | 2015 | 2 | 4 | 2 | 8.0 | 2 | 7 | 4.5 | 0 | 2 | 1 | 1 | 0 | 2.4 | 3 | 2 | 1 | 4.0 | 3 | 3.0 | 21.9 |
| 48 | Monese | UK | 2015 | 2 | 3 | 3 | 8.0 | 10 | 6 | 8.0 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 21.4 |
| 49 | TymeBank | South Africa | 2019 | 2 | 5 | 3 | 10.0 | 2 | 4 | 3.0 | 0 | 1 | 6 | 1 | 0 | 4.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 20.8 |
| 50 | Neo | UAE | 2017 | 1 | 2 | 6 | 9.0 | 1 | 7 | 4.0 | 0 | 1 | 3 | 3 | 0 | 4.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 20.2 |
| 51 | Liv. | UAE | 2017 | 1 | 1 | 4 | 6.0 | 2 | 7 | 4.5 | 1 | 1 | 2 | 2 | 5 | 6.6 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 20.1 |
| 52 | ZA Bank | Hong Kong | 2020 | 1 | 2 | 1 | 4.0 | 1 | 8 | 4.5 | 0 | 1 | 8 | 2 | 0 | 6.6 | 1 | 1 | 4 | 4.0 | 1 | 1.0 | 20.1 |
| 53 | Uala | Argentina | 2017 | 2 | 4 | 2 | 8.0 | 3 | 3 | 3.0 | 0 | 1 | 6 | 1 | 0 | 4.8 | 1 | 1 | 1 | 2.0 | 2 | 2.0 | 19.8 |
| 54 | Carbon | Kenya | 2012 | 2 | 5 | 5 | 12.0 | 3 | 3 | 3.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 19.8 |
| 55 | Fino P Bank | India | 2017 | 2 | 4 | 1 | 7.0 | 1 | 5 | 3.0 | 5 | 3 | 1 | 2 | 0 | 6.6 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 19.6 |
| 56 | Simplii | Canada | 2017 | 2 | 2 | 5 | 9.0 | 1 | 6 | 3.5 | 0 | 2 | 1 | 1 | 0 | 2.4 | 2 | 2 | 1 | 3.3 | 1 | 1.0 | 19.2 |
| 57 | CIMB | Philippines | 2018 | 2 | 5 | 4 | 11.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 2 | 2.7 | 1 | 1.0 | 19.0 |
| 58 | Varo | US | 2017 | 2 | 5 | 2 | 9.0 | 1 | 5 | 3.0 | 0 | 2 | 1 | 2 | 0 | 3.0 | 1 | 1 | 1 | 2.0 | 2 | 2.0 | 19.0 |
| 59 | Toss Bank | South Korea | 2021 | 1 | 4 | 3 | 8.0 | 1 | 4 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0.0 | 4 | 3 | 4 | 7.3 | 1 | 1.0 | 18.8 |
| 60 | Kuda | Nigeria | 2019 | 2 | 5 | 4 | 11.0 | 1 | 3 | 2.0 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 18.4 |
| 61 | Monobank | Ukraine | 2017 | 2 | 5 | 2 | 9.0 | 1 | 8 | 4.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 18.3 |
| 62 | Mach | Chile | 2017 | 2 | 3 | 4 | 9.0 | 1 | 3 | 2.0 | 0 | 1 | 5 | 1 | 0 | 4.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 18.2 |
| 63 | Atom Bank | UK | 2015 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 2 | 2 | 9 | 8.7 | 2 | 2.0 | 18.0 |
| 64 | Zopa Bank | UK | 2020 | 1 | 2 | 1 | 4.0 | 1 | 5 | 3.0 | 0 | 2 | 5 | 3 | 0 | 6.0 | 2 | 1 | 1 | 2.7 | 2 | 2.0 | 17.7 |
| 65 | blu | Indonesia | 2021 | 1 | 4 | 2 | 7.0 | 1 | 4 | 2.5 | 0 | 1 | 0 | 1 | 0 | 1.2 | 1 | 1 | 7 | 6.0 | 1 | 1.0 | 17.7 |
| 66 | Airstar Bank | Hong Kong | 2020 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 1 | 6 | 2 | 0 | 5.4 | 1 | 1 | 5 | 4.7 | 1 | 1.0 | 16.6 |
| 67 | ING Bank | Philippines | 2018 | 2 | 4 | 3 | 9.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 16.3 |
| 68 | NSDL P Bank | India | 2017 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 1 | 10 | 1 | 0 | 7.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 15.7 |
| 69 | EQ Bank | Canada | 2016 | 1 | 1 | 3 | 5.0 | 1 | 5 | 3.0 | 0 | 2 | 1 | 1 | 0 | 2.4 | 3 | 2 | 1 | 4.0 | 1 | 1.0 | 15.4 |
| 70 | Discovery Bank | South Africa | 2018 | 1 | 1 | 2 | 4.0 | 1 | 4 | 2.5 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 6 | 5.3 | 1 | 1.0 | 15.2 |
| 71 | Allica Bank | UK | 2020 | 1 | 1 | 1 | 3.0 | 1 | 3 | 2.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 9 | 7.3 | 1 | 1.0 | 15.1 |
| 72 | Lunar | Denmark | 2015 | 1 | 2 | 1 | 4.0 | 3 | 8 | 5.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 2 | 2.7 | 1 | 1.0 | 15.0 |
| 73 | LINE Bank | Taiwan | 2021 | 1 | 4 | 1 | 6.0 | 3 | 4 | 3.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 2 | 2.7 | 1 | 1.0 | 15.0 |
| 74 | Jenius | Indonesia | 2016 | 2 | 4 | 1 | 7.0 | 1 | 5 | 3.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 14.8 |
| 75 | Flowe | Italy | 2020 | 1 | 3 | 3 | 7.0 | 1 | 5 | 3.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 14.8 |
| 76 | Marcus | UK | 2018 | 1 | 3 | 1 | 5.0 | 1 | 2 | 1.5 | 0 | 2 | 1 | 1 | 0 | 2.4 | 1 | 4 | 1 | 4.0 | 1 | 1.0 | 13.9 |
| 77 | Up | Australia | 2018 | 1 | 1 | 4 | 6.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 13.3 |
| 78 | TNEX | Vietnam | 2020 | 1 | 3 | 2 | 6.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 13.3 |
| 79 | Ligo | Peru | 2019 | 1 | 3 | 2 | 6.0 | 1 | 3 | 2.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 12.8 |
| 80 | TMRW | Indonesia | 2020 | 1 | 3 | 1 | 5.0 | 1 | 4 | 2.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 12.3 |
| 81 | TIMO | Vietnam | 2016 | 1 | 1 | 2 | 4.0 | 1 | 6 | 3.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 12.3 |
| 82 | TMRW | Thailand | 2019 | 1 | 1 | 2 | 4.0 | 1 | 4 | 2.5 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.9 |
| 83 | meem | KSA | 2014 | 1 | 1 | 1 | 3.0 | 2 | 6 | 4.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.8 |
| 84 | KEPT | Thailand | 2020 | 1 | 1 | 2 | 4.0 | 1 | 3 | 2.0 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.4 |
| 85 | Rakuten Bank | Taiwan | 2021 | 1 | 1 | 1 | 3.0 | 3 | 4 | 3.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.3 |
| 86 | LINE Bank | Indonesia | 2021 | 1 | 3 | 1 | 5.0 | 1 | 3 | 2.0 | 0 | 0 | 1 | 1 | 0 | 1.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.2 |
| 87 | ila | Bahrain | 2019 | 1 | 1 | 1 | 3.0 | 1 | 3 | 2.0 | 0 | 1 | 2 | 2 | 0 | 3.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 11.0 |
| 88 | Hala | KSA | 2018 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 1 | 2 | 1 | 0 | 2.4 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 10.9 |
| 89 | Pepper | Israel | 2017 | 1 | 1 | 1 | 3.0 | 1 | 5 | 3.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 10.8 |
| 90 | MOX Bank | Hong Kong | 2020 | 1 | 2 | 1 | 4.0 | 1 | 5 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 1 | 1 | 2 | 2.7 | 1 | 1.0 | 10.7 |
| 91 | KOHO | Canada | 2015 | 1 | 2 | 1 | 4.0 | 1 | 2 | 1.5 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 10.3 |
| 92 | WeLab Bank | Hong Kong | 2020 | 1 | 1 | 1 | 3.0 | 1 | 5 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 1 | 1 | 3 | 3.3 | 1 | 1.0 | 10.3 |
| 93 | YAP | UAE | 2021 | 1 | 1 | 1 | 3.0 | 1 | 5 | 3.0 | 0 | 0 | 1 | 1 | 0 | 1.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 10.2 |
| 94 | Tonik Bank | Philippines | 2021 | 1 | 2 | 1 | 4.0 | 1 | 4 | 2.5 | 0 | 0 | 1 | 0 | 0 | 0.6 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 10.1 |
| 95 | Alex Bank | Australia | 2021 | 1 | 1 | 1 | 3.0 | 1 | 3 | 2.0 | 0 | 1 | 1 | 1 | 0 | 1.8 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 9.8 |
| 96 | BruBank | Argentina | 2019 | 1 | 1 | 1 | 3.0 | 1 | 4 | 2.5 | 0 | 0 | 1 | 1 | 0 | 1.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 9.7 |
| 97 | livi Bank | Hong Kong | 2020 | 1 | 2 | 1 | 4.0 | 1 | 4 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 9.5 |
| 98 | Bank Zero | South Africa | 2021 | 1 | 1 | 1 | 3.0 | 1 | 3 | 2.0 | 0 | 0 | 1 | 1 | 0 | 1.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 9.2 |
| 99 | Fusion Bank | Hong Kong | 2020 | 1 | 1 | 1 | 3.0 | 1 | 5 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 9.0 |
| 100 | Bankiom | UAE | 2020 | 1 | 1 | 1 | 3.0 | 1 | 2 | 1.5 | 0 | 1 | 0 | 1 | 0 | 1.2 | 1 | 1 | 1 | 2.0 | 1 | 1.0 | 8.7 |
Notes: Scores for ING Global are based on group retail banking.
- Scores for ING Australia were adjusted for retail banking.
- Scores for digital banks in Japan and payment banks in India reflect FY March 2021 performance data, except for Rakuten Bank, Sony Bank and au Jibun Bank from Japan where scores are based on full calendar year 2021.
- User scores for Indian payments banks are based on deposit account holders.
- blu by BCA Indonesia is based on data from BCA Digital.
- Under the assessment dimension ‘coverage’, we mapped the product scope of digital banks across 12 top line products including mortgage, personal loan, car loan, credit card, CASA account, time deposit, debit card, e-wallet, international remittances, mutual fund/fixed income, life insurance and non-life insurance.
Source: TABInsights
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Bryan Lo
Risk Management & Regulatory Strategy Expert
Brian Lo is a seasoned risk professional with nearly 30 years of experience across global financial institutions. Based in Hong Kong and Singapore, he has led teams in managing market and liquidity risk, counterparty risk, and asset and liability management. His expertise encompasses quantitative modelling, risk governance, stress testing, and regulatory compliance. Brian has also played a critical role in developing internal risk models, driving strategic initiatives, and advising on cutting-edge risk solutions, including AI and machine learning applications. Throughout his career, he has served on multiple risk committees, providing strategic insights to senior management and boards, and has been instrumental in implementing Basel reforms and risk management innovations. Brian’s approach integrates deep technical knowledge with practical leadership, making him a valuable contributor to banking risk management education and practice.
Urs Bolt
Chairman, The Banking Academy
Urs Bolt is a seasoned professional with over 35 years of expertise in wealth management, investment banking, and technology. He helps individuals achieve financial well-being and advises senior leaders in financial services and technology on refining business strategies, developing markets, and forging impactful partnerships. Recognised as a global thought leader in digital banking, WealthTech, and decentralised finance, Urs is an active speaker, author, and jury member for esteemed awards and panels. A passionate advocate for sustainable progress, he champions energy policies that balance economic growth and ecological preservation through scientific solutions.
Sina Wulfmeyer
CDO @Unique FinanceGPT, AI Leader, AI Governance, #1 Woman in Banking and Fintech 2024 by Handelsblatt, Secure GenAI for Financial Services: Data Protection, IT Security & AI Governance Expert
Sina is Chief Data Officer at Unique AG – a rising European startup providing a GenAI-driven platform called Unique.AI to better understand customers and build more meaningful client relationships. Unique.AI is a tailored solution for the financial industry that aims to increase productivity by automating manual workload through AI and ChatGPT solutions.
Sina is a proven GenAI and data transformation specialist for financial applications with over 20 years of experience. Before Unique AG, Sina led data strategy projects at Credit Suisse AG and worked as a consultant at Accenture AG. She lectures on GenAI, AI Governance, and Data Protection at top universities like HSG St. Gallen and HEC Paris, inspiring future tech leaders. Sina also mentors startups on GenAI applications and serves on the ISO expert council in Switzerland. She was recently honored with the “Women in Banking and Fintech 2024” award for her Thought Leadership on Data Protection and AI Governance for GenAI applications for Financial Services by Handelsblatt (#1 business newspaper in Germany). Sina holds a PhD in Financial Modeling from the University of St. Gallen (HSG, Switzerland) and a Diploma in Economics from the University of Mannheim (Germany).