This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.
December 23, 2021HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
May 30, 2021The paper features case studies of Revolut and Tinkoff Bank, as well as insights from interviews with all eight Hong Kong virtual banks.
March 17, 2021This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 22, 2020What 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, 2020Ant 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, 2020A 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, 2020Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.
September 6, 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, 2020