Virtual Banking

Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card
Virtual Banking

Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card

livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card. livi said that the virtual debit card expands livi’s product line with a goal to support customers’ everyday living anytime, anywhere,

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LINE Bank Set to Launch Virtual Bank Soon to Its 21 Million Users in Taiwan
Taiwan Virtual Banking

LINE Bank Set to Launch Virtual Bank Soon to Its 21 Million Users in Taiwan

LINE Bank announced that it has been granted an operational license by Taiwan’s Financial Supervisory Commission to launch a virtual bank. LINE Bank has been working with the regulatory authorities on the due diligence process after being one of the

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Rakuten Officially the First Digital Bank to Launch in Taiwan
Taiwan Virtual Banking

Rakuten Officially the First Digital Bank to Launch in Taiwan

Rakuten International Commercial Bank (RICB) announced that it has officially launched operations making it the first digital bank in Taiwan. Established in May 2020, Rakuten Bank holds 50% of ownership while IBF Holdings owns 49% and the remaining 1% is

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Tencent’s Fusion Bank Signs on More Than 10,000 Customers Within 2 Weeks of Launch
Virtual Banking

Tencent’s Fusion Bank Signs on More Than 10,000 Customers Within 2 Weeks of Launch

Within 2 weeks of the public launch of Fusion Bank, the last of the eight virtual banks licensed by the Hong Kong Monetary Authority, the virtual bank has managed to secure over 10,000 customers. Previously known as Infinium Limited, the

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The Last Virtual Bank in Hong Kong Launched
Virtual Banking

The Last Virtual Bank in Hong Kong Launched

Fusion Bank, Hong Kong’s virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge, has announced the full public launch of its banking services. Previously known as Infinium Limited, the virtual bank had soft-launched

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WeLab Bank Goes Live With Temenos’ Multi-Cloud Solution
Virtual Banking

WeLab Bank Goes Live With Temenos’ Multi-Cloud Solution

Temenos, the banking software company, announced that WeLab Bank, Hong Kong-based virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next generation digital services for their customers. Designed, built and launched in less than 10

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Tencent’s WeBank App Now Accessible for Visually Impaired Users in China
Financial Inclusion Virtual Banking

Tencent’s WeBank App Now Accessible for Visually Impaired Users in China

Tencent’s WeBank, a digital-only bank in China, announced that has enabled accessibility features on its app to ensure visually impaired Chinese citizens can easily access its banking services in conjunction with the White Cane Safety Day on 15 October. According

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Virtual Bank Airstar Names Ronald Iu as Its New Chief Executive
Virtual Banking

Virtual Bank Airstar Names Ronald Iu as Its New Chief Executive

Airstar Bank, one of Hong Kong’s new virtual banks, announced the appointment of Ronald Iu as the new Chief Executive, succeeding Dr. Frederic Lau. Airstar Bank has also appointed Dr. Frederic Lau as an advisor of the bank and he

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Taiwan’s First Virtual Banks: The Progress So Far
Taiwan Virtual Banking

Taiwan’s First Virtual Banks: The Progress So Far

In July 2019, the Financial Supervisory Commission of Taiwan (FSC) gave its approval for the establishment of three virtual banks, though none of them have launched yet. Line Bank, a consortium led by Japan’s Line, was amongst the three companies

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Connecting People With Finance: Empowering the Financial Industry in the Intelligent Mobile Era
Innovation Sponsored Post Virtual Banking

Connecting People With Finance: Empowering the Financial Industry in the Intelligent Mobile Era

In the intelligent mobile era, Huawei — with its vision, insights, solutions, ecosystems, and experts — is uniquely positioned to create new value. The global outbreak of COVID- 19 has disrupted the lives and businesses of countless people, and the

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