Global Fintech & Payments Blog

Tag Archives: virtual banking

Bank of England Selected to Host New Innovation Hub Centre

Bank for International Settlements selects Bank of England as UK centre to host new fintech hub. By Stuart Davis, Brett Carr, and Sam Maxson On 30 June 2020, the Bank of England announced that it had been selected to host a centre of the Bank for International Settlements’ Innovation Hub. The UK centre will support … Continue Reading

First Virtual Bank Licenses Granted in Hong Kong

The HKMA has issued three virtual banking licenses as part of its broader initiatives to develop the local banking industry. By Simon Hawkins and Kenneth Hui The Hong Kong Monetary Authority (HKMA) recently announced the issuance of the first virtual banking licenses to three entities. Virtual banks in Hong Kong are banks that primarily deliver … Continue Reading
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