Could HK virtual banks change the face of corporate KYC forever?
While corporates are not top of the agenda for HK's new virtual banks, the significant investment in customer onboarding could herald a new era for corporate KYC
Hong Kong is gearing up for the arrival of virtual banks at the end of the year, with eight companies set to roll out retail financing services. While there is little chance these banks will offer corporate banking services in the mid-term, they are expected to fundamentally change the face of customer onboarding universally.
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