Tag "WeLab 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
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Digital Innovation Fuels Future of Wealth Management in Asia
As the affluent segments of Asia continue to expand, an increasing demand for more sophisticated wealth management has taken centre stage. The wealth pool of this rapidly growing market is expected to reach an astounding $4.7 trillion by 2026. These
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WeLab Bank Appoints Tat Lee as New Chief Executive
WeLab Bank, a virtual bank licensed by Hong Kong Monetary Authority, announces that Tat Lee has been appointed as the new Chief Executive. He succeeds Adrian Tse, who has stepped down from the role for what the bank described as
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WeLab Bank Goes Live With Temenos’ Multi-Cloud Solution
Temenos, the banking software company, announced that WeLab Bank, Hong Kong-based virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next generation digital services for their customers. Designed, built and launched in less than 10
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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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WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000 applications since launching to the public less than 10 days ago. The demographic of their customers ranged between 18 to
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Homegrown WeLab Bank Fully Launches with 8% Cash Back on Debit Card Spending
WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to the millions of individuals in Hong Kong. This follows their earlier pilot trial in April 2020, where they invited approximately
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WeLab Bank Takes Flight in a Pilot Trial with Interest Rates up to 4.5% P.A
WeLab Bank Limited has commenced a pilot trial under the Hong Kong Monetary Authority’s (“HKMA”) Fintech Supervisory Sandbox (“FSS”). During the FSS phase, WeLab Bank will be offering banking services to selected individual users prior to an official launch to
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