Virtual Banking
OneConnect Selected as Tech Partner by Singapore Digital Banking Consortium BEYOND
Ping An’s OneConnect has been selected as a strategic partner by Singapore based digital banking consortium BEYOND to jointly develop digital banking products and services for Singapore’s SME sector and their workforce. OneConnect is among the 8 entities who was
Read MoreZA Bank Picks Fiserv to Power its Cards Payments
Fiserv, a global tech vendor for financial services and ZA Bank the first virtual bank to soft launch in Hong Kong announced today that the bank will be using Fiserv to power its entire card payment lifecycle which includes; origination, card
Read MoreOne In Two Hong Kongers Are Open To Try Virtual Banks
One in two Hong Kongers are likely to open an account with a virtual bank with a tenth saying they will definitely do so, according to a study by Visa. The Future of Commerce: Consumer Payment Attitudes Study by Visa
Read MoreHong Kong Institute of Bankers Welcomes 6 Virtual Banks as Its Latest Member
The Hong Kong Insititute of Bankers announced that that six virtual banks in Hong Kong have recently joined the Institute as Corporate Members: Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited, Ping An OneConnect Bank (Hong Kong) Limited, SC
Read MoreZA Bank First to Soft Launch Virtual Banking Service Despite Unrest in Hong Kong
Ever since the Hong Kong Monetary Authority (HKMA) dished out 8 virtual banking licenses much of Asia and perhaps even the world has been watching the space with great interest. Most of the players, including WeLab were aiming to launch their
Read MoreWeLab Raises US$ 156 Million — Gearing up To Launch WeLab Bank by 2020
WeLab, one of the 8 companies granted license from the HKMA to operate a virtual bank announced today that it has raised US$ 156 million ( HK$ 1.2 billion) of Series C strategic financing, which makes it one of the
Read MoreAfter Hong Kong, Ant Financial is Now Eyeing Virtual Banking License in Singapore
Fresh off securing virtual banking license in Hong Kong, Ant Financial confirms that they are actively looking into pursuing virtual banking license in Singapore. Previously, Ping An’s One Connect and AMTD Group have also voiced similar ambitions, making this the
Read MoreChallenger Bank Tandem Recruits Ex-HSBC Banker Ahead of its Hong Kong Launch
Tandem, a full-service digital bank in the UK, announced that they have appointed ex HSBC banker Kunal Malani as their Chief Growth Officer. This news follows their earlier announcement that targetting to launch their digital financial services in Hong Kong
Read MoreHong Kong’s AMTD May Apply for Virtual Banking License in Singapore
AMTD is reportedly keen to apply for Singapore’s virtual banking license. In an interview with local Singaporean media, its CEO Calvin Choi expressed that AMTD is very interested in Singapore and that they see this as a great opportunity to
Read MoreHKMA: Hong Kong Could Expect Soft Launch of Virtual Banks in The Next Few Months
Speaking at the Hong Kong Institute of Bankers Conference yesterday, Deputy Chief Executive Officer of HKMA, Arthur Yuen said that Hong Kong’s new virtual banks could potentially soft launch some of its services in the fourth quarter of this year.
Read More