Tag "ZA Bank"

ZA Bank Leverages Technology to Expedite Loan Approvals for Global Payments Merchants

ZA Bank has launched a new business loan in collaboration with Global Payments Asia-Pacific (Hong Kong) Limited, a subsidiary of Global Payments. This partnership allows eligible merchants within the Global Payments ecosystem to quickly and easily obtain ZA Bank’s pre-approved

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ZA Bank Launches Banking Services for Stablecoin Issuers

ZA Bank has announced the launch of its dedicated banking services for stablecoin issuers, a significant advancement in its commitment to the Web3 financial sector. This service is designed to provide secure banking solutions for stablecoin issuers’ fiat reserves, further

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e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money

In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is wide-reaching. At the heart of this seismic shift is Hong Kong, where the global pulse of finance meets cutting-edge technology.

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ZA Bank’s Risk Prevention Tech Thwarts HKD 4 Billion Fraud, Earns Award from Police

Hong Kong’s virtual bank ZA has reported a 400% improvement in its risk control and cybersecurity capabilities through the use of in-house developed systems. The bank’s proprietary systems now allow for real-time fraud monitoring of 100,000 transactions daily, a fourfold

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ZA Bank Launches ‘Savings Pot’ with 4% Rate

ZA Bank has rolled out “Savings Pot,” a new feature aimed at helping users manage their savings separately from their daily expenditures. The introduction of this product comes in response to a rising demand for deposit options, as indicated by

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Hong Kong Proposes New Licensing Regime for Stablecoin Issuers

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have issued a consultation paper proposing a regulatory regime for stablecoin issuers in Hong Kong. This announcement invites feedback from the public and stakeholders, signalling

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ZA Bank Gains Regulatory Nod to Offer U.S. Stock Trading in Hong Kong

Hong Kong’s ZA Bank has received regulatory clearance from the Securities and Futures Commission (SFC) to expand its services. This approval amends the bank’s existing license, allowing it to move beyond dealing in collective investment schemes. ZA Bank is set

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Over 45% of Individuals and 76% of SMEs in Hong Kong Have Virtual Bank Accounts

Virtual banks in Hong Kong have gained significant popularity in recent years, with over 45% of individuals and 76% of SMEs surveyed by the Hong Kong Association of Banks (HKAB) having an account. The survey also found that 30% of

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ZA Bank and Mox Bank Rank Among Top 10 Mobile Banking Apps in the World

ZA Bank and Mox Bank, two of the eight digital banks from Hong Kong, have ranked in the top 10 of Sia Partners’ 2023 Mobile Banking Benchmark, a global study of mobile banking apps. Sia ranked ZA Bank as 6th

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Privacy Commissioner’s Report Affirms ZA Bank’s Customer Data Protection Measures

The Office of the Privacy Commissioner for Personal Data (PCPD) has published an inspection report on the customers’ personal data system of ZA Bank, the first virtual bank in Hong Kong. ZA Bank was granted a virtual banking license by

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