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Hong Kong’s Eight Virtual Banks: The Progress So Far

On Aug 22, 2020
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RT @KVanderhoydonk: Hong Kong’s Eight Virtual Banks: The Progress So Far | Fintech Hong Kong #regtech #Innovation https://t.co/XF1Wt29OcB
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Virtual Banks in Hong Kong: HKMA issued 8 licenses for virtual banks in 2019, how's their progress so far? Here's an update.

fintechnews.hk
On Aug 22, 2020
@FintechCH shared
RT @KVanderhoydonk: Hong Kong’s Eight Virtual Banks: The Progress So Far | Fintech Hong Kong #regtech #Innovation https://t.co/XF1Wt29OcB
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Hong Kong’s Eight Virtual Banks: The Progress So Far

Hong Kong’s Eight Virtual Banks: The Progress So Far

Virtual Banks in Hong Kong: HKMA issued 8 licenses for virtual banks in 2019, how's their progress so far? Here's an update.

Hong Kong's digital banking push pits tech newcomers against old-guard lenders

Hong Kong's digital banking push pits tech newcomers against old-guard lenders

At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong's retail and small business banking market as the regulator prepares to award the former British ...

The Eight Virtual Banks of Hong Kong

The Eight Virtual Banks of Hong Kong

Hong Kong is accepting applications for “virtual banks” - Fintech firms that are natively digital without a legacy footprint as an incumbent bank.

Virtual Banks to Shake up Hong Kong Banking Landscape

Virtual Banks to Shake up Hong Kong Banking Landscape

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of ...

Hong Kong virtual bank Airstar begins pilot trials

Hong Kong virtual bank Airstar begins pilot trials

New Hong Kong virtual bank Airstar is to begin pilot trials with 2000 customers from within the Fintech Supervisory Sandbox of the Hong Kong Monetary Authority.

Hong Kong based Digital Bank WeLab Opens 10,000 New Customer Accounts Just 10 days After Launch

Hong Kong based Digital Bank WeLab Opens 10,000 New Customer Accounts Just 10 days After Launch

Hong Kong based digital bank WeLab has opened 10,000 new customer accounts just ten days after its launch.

Eight virtual banks transforming Hong Kong's fintech sector

Eight virtual banks transforming Hong Kong's fintech sector

We take a closer look at the eight innovative virtual banks that are digitally disrupting Hong Kong's financial services industry using technologies like AI, machine learning and Big ...

First Three Digital Banking Licenses Awarded In Hong Kong

First Three Digital Banking Licenses Awarded In Hong Kong

Hong Kong has issued its first three digital banking licenses, in a move toward strengthening the city's financial sector.

Hong Kong digital banks launch faces delay due to protests: sources

Hong Kong digital banks launch faces delay due to protests: sources

By Sumeet Chatterjee and Alun John HONG KONG (Reuters) - The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, ...

Airstar Bank Launches Pilot Trial of Virtual Banking Service

Airstar Bank Launches Pilot Trial of Virtual Banking Service

  Airstar Bank Limited (“Airstar”), one of Hong Kong’s new virtual banks, today announced the launch of a pilot trial which is conducted within the Fintec

Bank innovation in Hong Kong: a virtual model for the future?

Bank innovation in Hong Kong: a virtual model for the future?

The HKMA’s virtual bank licences are helping to foster banking innovation, boost fintech and increase competition, with the model developing across APAC.

Hong Kong's virtual banking license garners interest

Hong Kong's virtual banking license garners interest

Financial services giant Standard Chartered has set up a subsidiary for its forthcoming digital-only bank and applied for a virtual banking license in Hong Kong.

Hong Kong’s Chief Executive outlines key fintech initiatives

Hong Kong’s Chief Executive outlines key fintech initiatives

The Hong Kong Monetary Authority will soon launch the Faster Payment System, and a common QR code enabling mobile payment is also on its way.

Hong Kong Virtual Banking is not only an important milestone, but for Fintech There’s More to Come

Hong Kong Virtual Banking is not only an important milestone, but for Fintech There’s More to Come

Hong Kong’s position at the forefront of the banking industry and as a FinTech leader is reinforced by the recent issuance of three new virtual banking licenses by the Hong Kong Monetary ...