Search Results for "airstar"
Must-Watch Fintech Sessions of the 2022 Hong Kong Fintech Week
The annual Hong Kong Fintech Week is coming back next week for a multi-day event focusing on the latest innovations and trends emerging in the finance, banking and insurance sectors. Organized by the Financial Services and the Treasury Bureau (FSTB)
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Hong Kong’s Virtual Banks Set to Amass Over 44,000 SME Customers by 2025
By 2025, Hong Kong’s virtual banks are expected to amass 44,182 small and medium-sized enterprise (SME) customers, a client base that’s set to grow at a compound annual growth rate (CAGR) of 163.6% between 2020 and 2025, estimates Quinlan and
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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’s Eight Virtual Banks: The Progress So Far
The Hong Kong Monetary Authority (HKMA) granted eight virtual banking licenses in the first half of 2019, and at the time, the regulator and the operators expected services to commence within the next six to nine months. Now more than
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Livi Bank Joins the Virtual Banking Race in Hong Kong
Livi Bank announced the launch of its virtual banking services, making it the fourth virtual bank open to public in Hong Kong. Livi was among the eight entities that were awarded the virtual banking license by the Hong Kong Monetary
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Nielsen: 82% of Customers Won’t Consider Loan Offerings from Virtual Banks
A study by Nielsen has found that consumers are quite wary of personal loan services despite being regarded as one of the popular market entry products for virtual banks. According to its Personal Finance Monitor that analyses customer’s perspective towards
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Ping An OneConnect Launches its Virtual Bank Pilot
Ping An OneConnect Bank (PAOB) announced its pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). PAOB is among the 8 virtual banks that have received a license from HKMA to operate. To date,
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