Mox Bank, backed by Standard Chartered, PCCW, HKT and Ctrip Financial, is first opening accounts for its 20,000 pre-registrants before it opens to the rest of the public.
September 9, 2020Livi Bank, backed by BOCHK, JD Digits and Jardine Matheson, has become the fourth virtual bank to open to the public in Hong Kong.
August 12, 2020WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.
July 30, 2020Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.
July 3, 2020Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA's sandbox.
June 26, 2020Recent initiatives by HSBC to shift to lower-cost, digital-first services are largely seen as a response to new competition from virtual banks in Hong Kong.
June 24, 2020Airstar Bank commits to becoming "Everyone’s Bank", contrasting itself with conventional banking models which focus on high net-worth individuals.
June 11, 2020‘Mox Bank’ - backed by Standard Chartered, PCCW, HKT and Trip.com - has become the third virtual bank to launch pilot services in Hong Kong.
April 13, 2020The pilot will allow 2,000 friends and relatives of Airstar, Xiaomi and AMTD Group employees to trial new virtual banking services under the HKMA's sandbox.
April 1, 2020