Digital Banking: ZA Bank becomes Hong Kong’s First Virtual Bank to Receive Type 1 SFC License

Hong Kong’s leading virtual bank ZA Bank has reportedly expanded its footprint into investment business as the first local digital-only bank to be “licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).” As mentioned in an update shared… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged digital banking, hong kong, rockson hsu, securities and futures commission, sfc, virtual bank, za bank