The granting of virtual bank licences is a key move for Hong Kong in the new era of smart banking, providing customers with innovative services via fintech. WeLab Bank was granted a virtual banking licence by HKMA in 2019. Simon Loong, Founder and Group CEO of WeLab, shared with HKTDC Research his views on the development prospects of virtual banking in Hong Kong as well as the opportunities for expanding into overseas markets. More
