Standard Chartered Hong Kong has set up a new entity for its virtual bank following a submission to the Hong Kong Monetary Authority (HKMA) for a virtual banking licence. Standard Chartered Hong Kong set up a task force in June this year to study the HKMA’s revised guidelines on the authorisation of virtual banks and has since applied for the licence….
StanChart HK applies for virtual bank licence, sets up new entity
31 August 2018

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