Virtual Banking
Livi Bank Joins the Virtual Banking Race in Hong Kong
Livi Bank announced the launch of its virtual banking services, making it the fourth virtual bank open to public in Hong Kong. Livi was among the eight entities that were awarded the virtual banking license by the Hong Kong Monetary
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WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000 applications since launching to the public less than 10 days ago. The demographic of their customers ranged between 18 to
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Nielsen: 82% of Customers Won’t Consider Loan Offerings from Virtual Banks
A study by Nielsen has found that consumers are quite wary of personal loan services despite being regarded as one of the popular market entry products for virtual banks. According to its Personal Finance Monitor that analyses customer’s perspective towards
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Homegrown WeLab Bank Fully Launches with 8% Cash Back on Debit Card Spending
WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to the millions of individuals in Hong Kong. This follows their earlier pilot trial in April 2020, where they invited approximately
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WeLab Bank Launches Numberless Debit Card with Mastercard
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority (HKMA), will launch a numberless bank card that is powered by MasterCard While WeLab Bank services are designed to be 100% operated from the mobile phone, a
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Hong Kong’s Virtual Bank WeLab Named On the 2020 CNBC Disruptor 50 List
WeLab has been named #11 on the 2020 CNBC Disruptor 50 list, and was the only company included from Hong Kong and just one of five from Asia. This is WeLab’s first appearance on this list of private companies who are
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Ping An OneConnect Launches its Virtual Bank Pilot
Ping An OneConnect Bank (PAOB) announced its pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). PAOB is among the 8 virtual banks that have received a license from HKMA to operate. To date,
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Virtual Bank Airstar Fully Launches in Hong Kong with Up To 3.6% P.A Interest Rates
Airstar Bank today announced the official launch of its virtual banking services to the public which encompass savings account, time deposit and personal loan products. In March, Airstar Bank which is jointly operated by AMTD Group and Xiaomi launched their
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Temenos Bags Taiwan’s Virtual Bank as a Customer
Temenos, the banking software company, announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to power its launch as one of Taiwan’s first virtual bank. Cloud-native, cloud-agnostic they said that Temenos Transact will deliver rich, pre-configured banking functionality
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Jetco Rolls Out Cross-Bank Cardless Withdrawal Service in Hong Kong
Joint Electronic Teller Services Limited (JETCO) today announced the rollout of Hong Kong’s first cross-bank cardless withdrawal service. Customers of participating JETCO member banks can take out cash instantly from any JETCO automatic teller machine (ATM) that supports this service
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