WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first…
Virtual Banking
Explore the latest Hong Kong virtual banking news, with insights into new digital banks and fintech innovations shaping the future of virtual banking in HK.
The virtual banking race is on for different regions across the globe, and the Hong Kong Monetary Authority…
The fintech startup Neat, a digital banking alternative, has been granted a Money Lender’s License in Hong Kong,…
The Hong Kong Monetary Authority (HKMA) announced today that three companies have been granted virtual banking licences: Livi VB,…
The Hong Kong Monetary Authority (HKMA)’s decision to set up the virtual license is often seen as a…
Since its announcement in early 2018, HKMA’s virtual banking license has attracted strong interest from the industry to…
Wecash, a Beijing-based fintech start-up has teamed up with Japanese financial firm ORIX and Hong Kong property developer SEA Group to…
Open banking is gaining traction globally fueled by regulations like the EU’s PSD2 and the UK’s CMA Open…
Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The…
The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks (the Guideline)…
The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks for public…
The Hong Kong Monetary Authority (HKMA) unveiled a number of initiatives that prepare Hong Kong to move into…