Tag "Infinium"

Tencent & ICBC’s Virtual Bank Renamed to Fusion Bank

Infinium Limited, the virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge today announced that it has been renamed Fusion Bank. The Chinese name of the virtual bank, “Fu Rong”, carries an implied

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Ant Financial, Tencent, and Xiaomi Are Among HK’s New 4 Virtual Banking Licensees

The Hong Kong Monetary Authority (HKMA) issued virtual banking rights to 4 more companies: Ant SME Services (Hong Kong) , Infinium, Insight Fintech HK, and Ping An OneConnect. According to their business plans, these four newly licenced virtual banks intend

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