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
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
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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Ant Group Launches its Virtual Bank Ahead of Its IPO
Ant Bank, part of Ant Group, has officially launched to offer banking services to Hong Kong citizens. Ant Bank was one of the 8 recipients of the virtual banking license by the Hong Kong Monetary Authority (HKMA), this launch makes
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Closing the Funding Gap for SMEs: Redefining Finance for Good in Asia
The wide-ranging impacts of the COVID-19 pandemic have brought many of the world’s problems into sharp focus and increased the urgency to create better outcomes for society as a whole. In Asia, a region with some of the world’s fastest
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Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More
At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking
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Mox Officially Opens Its Doors to Hong Kongers
Mox has officially launched to the general public in Hong Kong. Mox is the virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, which provides its suite of fully digital retail banking services over its app.
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Most Consumers Still Prefer Incumbent Banks Over Virtual Banks and Neobanks
A recent report published by consulting firm EPAM Continuum outlined behaviors, expectations and motivations, with key findings suggesting that, despite recent innovations in financial services, the fundamental behavioral drivers of customers remain largely unchanged. The report surveyed 4,500 people across
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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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Virtual Bank Livi Selects Wolters Kluwer’s Solution for Regulatory Reporting
Livi bank has selected Wolters Kluwer, American Dutch information services company, for its Regulatory Reporting solution to manage the bank’s regulatory reporting obligations. livi had recently launched its virtual banking app to Hong Kong customers. The bank is backed by
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