Hong Kong’s WeLab Bank remained profitable in the first half of 2025, reporting revenue of about HK$460 million, a year-on-year…
WeLab Bank
WeLab Bank has launched what it says is Hong Kong’s first AI-powered foreign exchange service, offering customers cost-price FX rates…
Digital banks in Hong Kong are no longer the curious newcomers they were back in 2020. Five years on, they’ve…
From its humble beginnings as an online lender to its rise as one of Asia’s most ambitious fintechs, WeLab Group…
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its launch.…
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enhance customer…
Some Hong Kong digital banks are rethinking their strategies and considering physical branches in Hong Kong, according to reports from…
WeLab Bank announced that it achieved breakeven in December 2024, just over four years after its launch. This update follows…
WeLab Bank has facilitated the disbursement of HK$61.56 million in subsidies through the H.S. Chau Foundation’s “Dear Girlfriends” programme, utilising…
WeLab, a pan-Asian fintech platform, has announced strategic actions to accelerate growth, scale, and profitability in Hong Kong and Southeast…
Bank Saqu, the Indonesian digital bank developed through a strategic partnership between WeLab and Astra Financial, has achieved a milestone…
The Hong Kong Monetary Authority (HKMA) is set to replace the term “virtual bank” with “licensed digital bank” for the…
Imagine a world where you can access all your banking needs at your fingertips without ever having to step into…
As the affluent segments of Asia continue to expand, an increasing demand for more sophisticated wealth management has taken centre…
WeLab Bank, a virtual bank licensed by Hong Kong Monetary Authority, announces that Tat Lee has been appointed as the…
Temenos, the banking software company, announced that WeLab Bank, Hong Kong-based virtual bank, has publicly launched using cloud-native Temenos Transact…
In Hong Kong, virtual banking is bringing in new opportunities to serve the financially underserved, a segment new entrants including…
The Hong Kong Monetary Authority (HKMA) granted eight virtual banking licenses in the first half of 2019, and at the…
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000…
WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to…