Success comes from overseas for AMTD
A digital bank would be "in no way successful" if it was to operate only in its home country, says Calvin Choi, its group chairman and CEO
Singapore
AS ASIA'S digital banking scene continues to see increasing competition, a digital bank would be "in no way successful" if it was to operate only in its home country. So says Calvin Choi, group chairman and CEO of Hong Kong-based AMTD Group, who has been heading the firm's push for greater regional connectivity to offer comprehensive, cross-border services.
The financial services firm, which owns a virtual bank in Hong Kong with Internet giant Xiaomi, is leading a consortium that has bid for a digital wholesale bank licence in Singapore to further capture Asia's small- and medium-sized enterprise (SME) market. It has also expressed interest in a digital banking licence in Malaysia.
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