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Virtual banking: gamechanger for start-up banks and fintech players

Aspiring virtual banks need to focus on adding value to the customer rather than disruption for disruption's sake.

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To earn a seat at the table, virtual banks should begin by looking at what the incumbent has been doing right. Despite the need to innovate and improve inefficiencies, traditional banks have done well when it comes to building trust amongst customers while offering a wide range of services.

HONG KONG is finally welcoming much-needed change to its shores - but not by throwing caution to the wind.

Gearing up for a paradigm shift in digital transformation and financial inclusion for its banking sector, the Hong Kong Monetary Authority (HKMA) announced that it will accept...

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