The young payments company uses Series B money to build on top of its recent licensing in Singapore.
Innovation won’t be enough for these banks to become the next KakaoBank, Revolut, or Nubank.
CEO Tat Lee says innovation, not deposit size, will determine whether a virtual bank can succeed.
CEO Barbaros Uygun says the virtual bank can become a global leader like Revolut, NuBank and KakaoBank.
Interest rates are just one challenge to bringing China-style alternative credit scoring to Hong Kong SMEs.
Calvin Ng, co-CEO, describes the steady grind of continuous product improvement that delivers revenues.
Do virtual banks need to be primary deposit accounts, and if so, how will they get there?
HKMA's Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance.
Mukaya (Tai) Panich explains how SCB 10X is bringing blockchain and GenAI to commercial banking in Asia.
The central bank’s payments experts discuss the challenges to building upon bilateral cross-border linkages.