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The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese. ....
The Hong Kong Monetary Authority (HKMA) is set to launch a pilot programme that will enable customers to use a consent-based and secure way to share their account data with other banks. ....
Livi, which is among eight virtual lenders that started operations in Hong Kong in 2020, started offering corporate banking services in March with a focus on… ....