Hong Kong FinTech Week 2020 Official Trailer
WHAT IS A VIRTUAL BANK ?
Hong Kong FinTech Week 2020 Official Trailer
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“ These virtual banks will need to think of some strategy to build up their brand awareness ”
— Gary Ng Kwun-ho , Partner , PwC
adoption in the APAC , African and South American regions has yet to reach the scale of Europe or the US . This might be about to change , as a new wave of banking licenses are issued across Asia , prompting fierce competition between a new generation of virtual banks , as they compete to attract customers away from both incumbents and each other .
Here we take a closer look at the virtual banking landscape in Hong Kong , following the government awarding eight digital banking licenses . You can see more about each of these in the box out section .
WHAT IS A VIRTUAL BANK ?
The Hong Kong Government defines a virtual bank as “ a bank which primarily delivers retail banking services through the internet or other forms
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