DBS Hong Kong is transforming the traditional business account opening process for SMEs into a fully virtual and contact-free banking experience that can be completed in as quickly as just two days, anytime and anywhere.

By making business account opening as simple and convenient as possible, the online fast-track solution enables our SME customers to enjoy a virtual, contact-free and hassle-free experience with video conferencing function to meet our Relationship Managers online.

Alex Cheung, Managing Director and Head of Institutional Banking Group, at DBS Hong Kong, said,

“As a leader in SME banking, DBS Hong Kong understands the needs of SME customers, especially in the current challenging environment. We have consistently supported sustainable SME growth, and we believe our latest innovative solution greatly enhances the business account opening experience, helps ease the burden on SMEs, and enables them to focus on growing their business.”

SMEs incorporated and with a registered address in Hong Kong, with up to four directors and no corporate shareholders, and all with valid Hong Kong permanent identity cards, are eligible for the fast-track online business account opening solution, which is currently being run as a pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”) until 15 June.

Selected SMEs are invited to experience this solution before the public release and will receive up to HK$9,900 incentives for successful application completion and post-application survey completion.

Featured image credit: Cara Chow (Charlotte1125) / CC BY-SA