All posts tagged "Virtual Banks"
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665Press ReleaseRegulation Asia: Top Ten News Stories for 2020
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 22, 2020 -
1.4KFintech / RegtechRegTech Asia 2020: RegTech Lessons from Digital Banks
What were some of the challenges of rolling out virtual banks in Hong Kong, and what were the biggest factors in technology and regulatory compliance considerations?
October 7, 2020 -
2.3KFeatureTwo More Virtual Banks Launch in Hong Kong
Ant Bank and Ping An OneConnect Bank launched virtual banks in Hong Kong. Fusion Bank is the only virtual bank that has not yet commenced operations.
October 1, 2020 -
1.4KFintech / RegtechHSBC to Scrap More Fees for Hong Kong Retail Customers
A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.
September 14, 2020 -
1.5KAsia-PacificBSP Targets September Issuance of Digital Banks Framework
Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.
September 6, 2020 -
1.7KFeatureLivi Bank Announces Launch of Virtual Banking Services
Livi 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, 2020 -
1.6KAsia-Pacific
BSP Set to Issue Digital Bank Licensing Framework
Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.
July 7, 2020 -
2.0KBig PictureVirtual Banks Could Shake Up Funds Industry – Report
Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.
July 3, 2020 -
1.2KFintech / RegtechCovid-19 Delays Launch of Taiwan Digital Banks: FSC
Despite the delays, operations are still likely to commence by year-end at the three new digital banks - Line Bank, Next Bank, and Rakuten Bank.
June 28, 2020 -
989AML / KYCHSBC Offers Remote Account Opening to Hong Kong SMEs
Recent 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, 2020
