Tag "digital bank"

South Korea Eyeing to Grant More Virtual Banking Licenses

South Korea’s Financial Services Commission (FSC), the government’s top financial regulator, will resume a new round of procedures for granting preliminary approval for digital banks, the FSC said on July 17. Earlier this year, the FSC said it intended to

Read More

Virtual Banks to Shake up Hong Kong Banking Landscape

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The

Read More

Hong Kong Mobile Banking Startup Neat To Begin Beta Testing

Neat, a neo-bank in Hong Kong, will start releasing invites to its app at its beta events on December 07, 08 and 13. Announced earlier this year, the new service promises a new banking experience that is entirely digital targeted

Read More