Tag "ZA Bank"
ZA Bank Gets SFC License to Expand Footprint Into the Investment Business
Hong Kong’s virtual bank ZA Bank has received a license from the Securities and Futures Commission (SFC) for Type 1 regulated activity which allows it to deal with securities. The bank claims to be the first local digital-only bank to
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ZA Bank Enables Instant Loan Approval
ZA Bank announced that starting from today, new users will get their loan application approval results instantly via ZA Bank’s official website, enjoying a seamless and convenient digital finance experience. In order to receive the preliminary approval results in an
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ZA Bank Rolls Out Interest-Free Payday Loans for Beta Users
Hong Kong’s virtual bank ZA Bank announced the launch of “Salary FastPass”, an interest-free early payday product in Asia that allows users to get their monthly payroll up to 7 days in advance. ZA Bank said that the Salary FastPass seeks
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ZA and Mox Leading Hong Kong’s Virtual Banking Race, Capturing 70% of All Deposits
ZA Bank and Mox are leading Hong Kong’s virtual bank race, making up 70% of all virtual banking customer deposits as of the end of 2020, Reuters reported, citing the lenders’ annual reports. Hong Kong’s eight virtual banks accumulated total
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ZA Bank Kicks off Its Insurtech Offering With New Pure Life Insurance Product
Hong Kong’s virtual bank ZA Bank has joined hands with ZA Insure, a fully digital insurer under the ZA brand, to offer pure life insurance “ZA Life Protection” via the former’s mobile app. ZA Bank was granted an Insurance Agency
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ZA Bank Now Offers SME Loans up to HKD 18 Million
Hong Kong’s virtual bank ZA Bank is offering a financing guarantee facility of up to HKD 18 million called “ZME $18M Loan”. The product is a business revolving loan under the SME Financing Guarantee Scheme (SFGS) launched by the HKMC
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Virtual Bank ZA Enters the SME Market
ZA Bank announced the launch of their business banking which they say leverages “ZME Revolving Loan”, an unsecured business revolving loan, to help small and medium-sized enterprises (SMEs) of various industries overcome business constraints. In their media statement, they said
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Virtual Bank ZA Has Gained 300k Users Ahead of Its 1st Year Anniversary
ZA Bank, one of Hong Kong’s eight virtual banks, announced that it has now gained 300,000 users in time for its upcoming first year anniversary. ZA Bank was the first to have a soft launch of its virtual banking services
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ZA Bank First Virtual Bank Granted License to Be a Fully Digital Insurer
ZA Bank has been granted an Insurance Agency License from the Hong Kong Insurance Authority (IA), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become
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Hong Kong’s ZA Bank Selects Accuity’s Regtech Solution
Hong Kong based ZA Bank announced that it has selected Accuity, provider of financial crime screening, payments and counterparty know your customer (KYC) solutions. The virtual bank has implemented Accuity’s screening solution to improve customer experiences, and at the same
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