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virtual banks

BEA unit to hold fintech day in October to promote innovation in Hong Kong

by Anas Siddiqui
BEA unit to hold fintech day in October to promote innovation in Hong Kong

Beast, the fintech collaboration platform of Bank of East Asia (BEA), will organise its first fintech day in October, as part of its efforts to develop a technology ecosystem in …

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Hong Kong’s WeLab eyes Southeast Asia digital banks, exporting tech services as new growth engines

by Anas Siddiqui
Hong Kong’s WeLab eyes Southeast Asia digital banks, exporting tech services as new growth engines

“With about 700 million people in Southeast Asia creating strong demand for financial technology, we believe the expansion of our digital banking services and technology export services will be the …

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Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence

by Anas Siddiqui
Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence

“The Chinese name of the virtual bank could be interpreted as ‘fictional’, which carries a meaning of not real or true. The name has a negative impact on virtual banks,” …

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Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

by Anas Siddiqui
Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

ZA Bank’s planned expansion into the digital asset sector comes as Hong Kong’s mandatory licensing regime for centralised cryptocurrency exchanges takes effect from June 1. (From left) ZA Bank’s alternate …

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Meaningless: fewer Hong Kong employers resorting to inflated job titles to attract talent, survey finds

by Anas Siddiqui
Meaningless: fewer Hong Kong employers resorting to inflated job titles to attract talent, survey finds

Hong Kong businesses are realising that job inflation – offering employees grandiose job titles, often without the experience or pay to match – has diminishing returns, according to a survey …

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Perfect match: Hong Kong virtual banks WeLab, Mox, ZA Bank partner with digital insurers amid government fintech push

by Anas Siddiqui
Perfect match: Hong Kong virtual banks WeLab, Mox, ZA Bank partner with digital insurers amid government fintech push

Hong Kong’s virtual banks are increasingly teaming up with the city’s digital insurers to promote and sell insurance products as the city’s regulators nurture cross-sector fintech development. WeLab Bank, Mox …

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