Virtual banks can focus on very specific niche markets profitably because of the lower costs to serve them. Photo: SCMP

Sink or swim. Hong Kong lenders must get smart with virtual banks as fintechs snap at their heels

Virtual banking providers will have to consider three factors to thrive – provide a seamless experience, offer products tailored to customer needs and a secure source of balance sheet funding that supports growth

Topic |   Banking & Finance

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Virtual banks can focus on very specific niche markets profitably because of the lower costs to serve them. Photo: SCMP
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