While more traditional financial services firms are regularly spoofed two emerging Hong Kong virtual banks have recently been targeted by scammers. Both ZA Bank and Airstar Bank have seen bogus sites posted online in an attempt to fleece unsuspecting consumers. This past weekend, Airstar posted… Read More
Read more in: Asia, Fintech | Tagged airstar, digital banks, fraud, hong kong, virtual banking, Virtual Banks, za bank
Bank Negara Malaysia is reportedly planning to issue up to five operational licenses to qualified or eligible applicants in order to launch digital banks to perform either regular or Islamic banking business in the country. Malaysia’s central bank has issued the exposure draft on Licensing… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged bank negara, banking, digital banks, malaysia, online banks, operational licenses, Virtual Banks
HSBC has been focusing on improving its digital banking platform in order to attract more tech-savvy clients, as the giant financial institution continues to face competition from Fintech firms and new payment services companies. There are reportedly eight new virtual banks that are expected to… Read More
Read more in: Asia, Fintech, Global | Tagged andrew eldon, banking, digital banking, hong kong, hsbc, Virtual Bank License, Virtual Banks
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