Search Results for "airstar"

Airstar Bank Pilots Corporate Banking Services for SMEs Through HKMA Sandbox

Airstar Bank, one of Hong Kong’s eight virtual banks, has launched a pilot trial of corporate banking services for SMEs through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority (HKMA). At this stage, the pilot trial aims

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Airstar Bank Now Offers Foreign Exchange Trading Services

Airstar Bank, a virtual bank that began full operation in June 2020, has introduced a new foreign exchange (FX) service so that customers can capitalise on investment opportunities in the ever-changing global FX market. The virtual banks said in a

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Virtual Bank Airstar Names Ronald Iu as Its New Chief Executive

Airstar Bank, one of Hong Kong’s new virtual banks, announced the appointment of Ronald Iu as the new Chief Executive, succeeding Dr. Frederic Lau. Airstar Bank has also appointed Dr. Frederic Lau as an advisor of the bank and he

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Virtual Bank Airstar Fully Launches in Hong Kong with Up To 3.6% P.A Interest Rates

Airstar Bank today announced the official launch of its virtual banking services to the public which encompass savings account, time deposit and personal loan products. In March, Airstar Bank which is jointly operated by AMTD Group and Xiaomi launched their

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Xiaomi and AMTD’s Airstar Bank Launches Pilot Trial of Virtual Banking Service

Airstar one of Hong Kong’s new virtual banks, today announced the launch of a pilot trial which is conducted within the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). The pilot trial will offer virtual banking services

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ZA and Mox Leading Hong Kong’s Virtual Banking Race, Capturing 70% of All Deposits

ZA Bank and Mox are leading Hong Kong’s virtual bank race, making up 70% of all virtual banking customer deposits as of the end of 2020, Reuters reported, citing the lenders’ annual reports. Hong Kong’s eight virtual banks accumulated total

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6 Developments That Shaped Hong Kong’s Fintech Industry in 2020

Hong Kong’s fintech industry continued to grow in 2020, on the back of rising adoption by incumbents and a rapidly expanding startup community. 86% of banks have adopted or plan to adopt fintech solutions across all types of financial services,

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Redefining Finance for Good: HK’s Chong Hing Bank Sees Digital Shift for Older Customers

Around the world, the COVID-19 crisis has forced banks and their customers to turn to digital tools and processes to compensate for branch and office closures. Many industry participants believe that the digital acceleration taking place today will have a

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What is the Game Plan for Hong Kong’s Virtual Banks?

In Hong Kong, virtual banking is bringing in new opportunities to serve the financially underserved, a segment new entrants including WeLab Bank, Airstar Bank and Mox by Standard Chartered, are actively pursuing. Despite being a leading financial center, Hong Kong’s

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Hong Kong Virtual Banking Webinar

When Hong Kong issued 8 virtual banking licenses the stage was set and a ripple effect was created sending many of the regulators from Asia scurrying to draft their own regulatory framework. This is especially true in the South East

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