{
  "id": 6706179,
  "title": "Cake receives Euromoney's Vietnam Best Digital Bank 2026 award",
  "url": "https://urgent.news/2026/09/11/cake-receives-euromoneys-vietnam-best-digital-bank-2026-award",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T04:30:00.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/cake-receives-euromoney-s-vietnam-best-digital-bank-2026-award-5118692.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Cake Digital Bank received the \"Vietnam's Best Digital Bank 2026\" award at the Euromoney Awards for Excellence in Singapore on Sept. 10, recognizing its digital banking model and business performance.",
  "key_points": [
    "Cake Digital Bank wins Euromoney's Vietnam Best Digital Bank 2026 award.",
    "AI-powered analysis enables personalized services with average revenue per user $25 in 2025."
  ],
  "editors_take": "This award validates Cake Digital Bank's successful shift to a profitable digital model, showcasing its scalable and personalized approach to serving a large customer base.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}