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WeLab Bank

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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Year of the Dragon: Hong Kong banks use e-lai see to promote digital payment services, sign up new customers

by Anas Siddiqui
Year of the Dragon: Hong Kong banks use e-lai see to promote digital payment services, sign up new customers

Hong Kong banks, both virtual and bricks-and-mortar, are going all out to promote e-lai see, as sending and receiving lucky money electronically is fast rivalling the traditional practice of handing …

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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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