Search Results for "mox"
Standard Chartered’s Virtual Bank MOX Picks UK-Based Paymentology as Payment Processor
Shortly after Standard Chartered, PCCW, HKT and Trip.com unveiled its virtual bank MOX yesterday, UK-based Paymentology has come out to say that it is the cloud payment processor behind the new virtual bank Expanding into Asia and already working with
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Standard Chartered Bank Unveils its Virtual Bank MOX
Mox Bank Limited (“Mox”) unveiled today its brand name, brand identity and website. Mox is the new virtual bank in Hong Kong by Standard Chartered in partnership with PCCW, HKT and Trip.com. Mox is among the eight entities that were
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Deep Diving into The Virtual Banking Scene in Hong Kong
Imagine a world where you can access all your banking needs at your fingertips without ever having to step into a physical branch. That’s the promise of virtual banks in Hong Kong – a new breed of digital-only financial institutions
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Key Takeaways from HKMA’s Investment Summit on Digital Trends
The Hong Kong Monetary Authority (HKMA), the Global Financial Leaders’ Investment Summit organiser, brought together some of the most prominent figures in the finance industry to discuss the transformative impact of technology and innovation. The panel, consisting of Rob Kapito,
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High Customer Costs a Drawback for Hong Kong’s Digital Banks Profitability
In the ever-evolving landscape of banking, even developed markets like Hong Kong face changing customer demands that traditional banks may struggle to meet. This has created an opportunity for digital banks to step in and offer highly personalized and digital
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Top 10 Investors Supporting Hong Kong’s Fintech Scene in 2022
With a strong capital pool and supportive government-led policies, Hong Kong has offered a solid foundation for companies to innovate, scale and transform the future of fintech. Today, Hong Kong has one of the highest consumer fintech adoption rates (67%) in the
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Hong Kong Fintech Report 2022: HK’s Fintech 2025 Strategy Begins to Take Shape
Hong Kong continues to pursue its fintech ambitions, accelerating efforts related to regtech and central bank digital currency (CBDC). Meanwhile, the city’s eight virtual banks are seeing strong consumer uptake as they continue expanding their product offerings. Fintech News Hong
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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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Hong Kong’s Digital Banks Will Operate at a Loss for at Least the Next 2 Years
Despite advantages including cheaper operational costs and backing from tech firms with deep pockets, Hong Kong’s digital banks will face hurdles in turning a profit. These eight newcomers will have to operate at a loss for at least the next
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Virtual Banks Could Serve a Quarter of Hong Kong’s Population by 2025
By 2025, virtual banks could be serving a total of 1.9 million customers, or 24.9% of the Hong Kong population, and hold a combined revenue market share of 19.3%, estimates Quinlan and Associates. Though not insignificant, the consulting firm forecasts
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