The Hong Kong Monetary Authority (HKMA) has issued four more virtual bank licences, thus boosting competition in a city where the majority of clients are dissatisfied with their banks’ digital services, according to consultancy firm Accenture. Specifically, the regulator granted licences to Ant SME Services, a subunit of Ant Financial; Ping An OneConnect, established by Ping An Insurance; Insight Fintech…
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