Two-thirds of 368 active digital banks operate without a full banking license

Foresight highlighted a data point showing that the digital banking sector now includes 368 active digital banks serving a combined 1.46 billion users, while roughly two-thirds of those institutions do not hold a formal banking license. The figures point to both the scale and structural fragility of the segment. Based on the information provided, the key takeaway is not just user reach but the licensing gap across a large share of the market. No additional breakdown was given on geography, named institutions, or business models. The available source material also did not specify how the user total was measured or which regulatory standards were used in defining a formal banking license. With only limited source details available, the report centers on the disclosed numbers: 368 active digital banks, 1.46 billion users, and about two-thirds operating without a standard banking license.