Six Local Virtual Banks Joins The Hong Kong’s Institute of Bankers

Overview

• Hong Kong achieves a new goal in the ever-evolving and new-age banking sector.
• Six local virtual banks join Hong Kong’s Institute of Banker’s as corporate members.
• The HKIB is a non-profit organisation that has been serving the local banking community in the provision of education and professional training since 1963.

The Hong Kong Institute of Bankers(HKIB) welcomed six virtual digital banks to join them recently as the corporate members and has announced the same in its press release. The banks are- Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited, Ping An OneConnect Bank (Hong Kong) Limited, SC Digital Solutions Limited as well as WeLab Bank Limited.

The CEO of the HKIB, Carrie LEUNG, said, “The HKIB now boasts a member base with 103 Corporate Members and Corporate Affiliates and over 6,000 Individual Members. With the exponential growth in the local fintech sector, we believe that more virtual banks and Fintech companies will see the importance of joining our community in the years ahead.”

HKIB believes this to be a start in the new era of the development of the banking sector in the digital age. It primarily focuses on blockchain and aims to promote the fintech development in Hong Kong with its ability to provide education and training in areas of cybersecurity, digital banking and other related fields.

The CEO Carrie LEUNG explained further saying, “We remain committed to improving the cross-border and cross-sector financial and market knowledge of banking practitioners through our professional training programmes to help local professionals sustain their competitiveness. We will also continue to promote talent exchange and mutual recognition of professional qualifications in the region while rolling out industry initiatives that encourage incumbents to participate in Fintech and innovation-related training programmes more actively,”