Virtual Banks in Hong Kong: HKMA issued 8 licenses for virtual banks in 2019, how's their progress so far? Here's an update.
Virtual Banks in Hong Kong: HKMA issued 8 licenses for virtual banks in 2019, how's their progress so far? Here's an update.
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 ...
Hong Kong is accepting applications for “virtual banks” - Fintech firms that are natively digital without a legacy footprint as an incumbent bank.
The bank's card will be numberless to prevent fraud.
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 ...
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 has opened 10,000 new customer accounts just ten days after its launch.
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 ...
Hong Kong has issued its first three digital banking licenses, in a move toward strengthening the city's financial sector.
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 Limited (“Airstar”), one of Hong Kong’s new virtual banks, today announced the launch of a pilot trial which is conducted within the Fintec
The HKMA’s virtual bank licences are helping to foster banking innovation, boost fintech and increase competition, with the model developing across APAC.
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.
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’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 ...