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WeLab Plans to Apply for Virtual Banking License in Hong Kong

WeLab Plans to Apply for Virtual Banking License in Hong Kong

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FintechNews Roundup
··1 min read

WeLab is ready to become one of the first companies to apply for a virtual banking license in Hong Kong; “We would like to be among the first to file a formal application for a virtual banking license which I believe would be an important step forward for the development of smart banking in Hong Kong,” said Simon Loong Pui-chi, the founder and chief executive of WeLab in an exclusive interview with the South China Morning Post; the license will allow the company to expand services and diversify the company to become a full services bank. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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