HKIB announces 6 new Hong Kong virtual banks

As many as six new Hong Kong virtual banks have been announced by the Hong Kong Institute of Bankers (HKIB). These latest entrants reflect the rising trend of virtual banks, especially in the Asia Pacific region. The HKIB released a press statement stating that the Banking Training and Certification Institute of Hong Kong have added six new virtual banks to its members’ list. These freshly minted entities now power the growing digital financial realm of the city. Currently, HKIB has one hundred corporate members in addition to the six thousand members. The latest list features Bank of China, WeLab Bank