Tag "Fusion Bank"
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
Read More
What Does the Future Hold for SME Lending in Hong Kong?
The vibrant economy of Hong Kong is significantly bolstered by small and medium-sized enterprises (SMEs), which constitute nearly 99 percent of its business landscape and are central to the SME lending sector. With over 362,000 SMEs as of the end
Read More
Fusion Bank’s Investment Service Is Now Live
Fusion Bank has announced the launch of its investment service to enable its users to invest in global funds with subscription thresholds as low as HK$10 (US$1). The bank said that its customers can activate the investment service in five
Read More
Fusion Bank Launches Business Banking Services
Fusion Bank has launched Business Banking Services for local small and medium-sized enterprises (SMEs) to help them with their digitisation plans. The offering includes diversified banking services including multi-currency savings accounts, time deposits, local transfers via the Faster Payment System
Read More
Fusion Bank Secures License From SFC to Expand Into Wealth Management
Fusion Bank announced that it has been granted licensing from the Hong Kong Securities and Futures Commission (SFC) to offer digital wealth advisory services. The bank secured Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, allowing
Read More
Tencent’s Fusion Bank Signs on More Than 10,000 Customers Within 2 Weeks of Launch
Within 2 weeks of the public launch of Fusion Bank, the last of the eight virtual banks licensed by the Hong Kong Monetary Authority, the virtual bank has managed to secure over 10,000 customers. Previously known as Infinium Limited, the
Read More
The Last Virtual Bank in Hong Kong Launched
Fusion Bank, Hong Kong’s virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge, has announced the full public launch of its banking services. Previously known as Infinium Limited, the virtual bank had soft-launched
Read More
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
Read More