26 October 2020

Hong Kong’s Mox has signed 35,000 customers  

Written By FinTech Alliance in Banking

Hong Kong’s Mox has signed 35,000 customers  

Virtual bank Mox, supported by Standard Chartered, has signed up 35,000 customers.  

In Brief:  

  • Mox is a virtual bank licenced by the Hong Kong Monetary Authority as part of its FinTech programme.  

  • It has been developed with a core platform by Thought Machine.  

  • 35,000 customers have signed up – all remotely of course – in just a month.  

What does this mean?  

Eight virtual banking licences have been awarded and about five are now up and running in Hong Kong. A key competitor for Mox is WeLab Bank, which had 10,000 applications in 10 days.  

Read more here.   

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