Cake receives Euromoney's Vietnam Best Digital Bank 2026 award

Cake Digital Bank has been named Vietnam's Best Digital Bank for 2026 by Euromoney's Group Level Banking Awards. This accolade recognizes the bank's successful transition from digital experimentation to a profitable digital banking model, leveraging cloud technology and artificial intelligence (AI) as core components since its inception.

With over 7.6 million customers, Cake offers a comprehensive range of services including payments, savings, credit, cards, investments, and international money transfers through its digital platform. The bank's partner ecosystem extends to retail, telecommunications, transportation, insurance, and digital services. Cake's AI-powered analysis of customer needs and behaviors enables personalized services, supported by a digital-only infrastructure designed for scalability.

The bank achieved profitability 3.5 years after launching, with an average revenue per user (ARPU) of $25 in 2025, projected to increase to $44 by 2026. Cake's CEO, Nguyen Huu Quang, accepted the award on behalf of the company, emphasizing the bank's commitment to providing faster, more accessible financial services and building a scalable, fully digital bank capable of delivering personalized banking solutions at scale.