TNEX Digital Lifestyle Bank | Qorus Banking Innovation

According to statistics from Merchant Machine in 2021, Vietnam ranks second in the world with 69% of people having no access to financial services and no bank accounts. There are only more than 26% of cash transactions, while the internet access rate of Vietnamese people is up to 66%. The inaccessibility of banking and financial services can affect the individual quality of life and stifle economic growth. Furthermore, according to Global Finance, gaining access to banking and financial services plays a crucial role in eradicating poverty.

Research on banks’ technology investment conducted by Accenture demonstrates that banks in Vietnam investing heavily in digital services have achieved higher profits than ever before. However, this result is largely due to optimization rather than increased revenue. In other words, the digital transformation of Vietnam’s banking industry has not been implemented fundamentally and comprehensively.

Within the given context, on December 11, 2020, TNEX – the first digital-only bank in Vietnam was officially launched. With the support of experts and pre-eminent international leaders, TNEX was built up by a group of youngsters for the sake of the Vietnamese people.

TNEX, the leader in Vietnam’s digital-only banking, helps members avoid bank fees, manage money with an emoji-drive PFM, and lead healthier lives. Founded by financial and tech industry veterans Bryan Carroll and David Jimenez Maireles, TNEX offers its members a Checking Account, Napas® Debit Card, and a powerful mobile app that gives them complete control of their finances and lifestyle.