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?
WeLab, meet risklab: AllianzGI’s Desmond Ng says the partnership with a virtual bank is just the start.
A report by Quinlan & Associates suggests virtual banks could win more than 19% of market revenues by 2025.
The Philippine conglomerate will seek a virtual-banking license while also investing in fintech Tyme’s business.
What does the selection of these four applicants for a virtual banking license tell us?
