Hong Kong’s WeLab Bank remained profitable in the first half of 2025, reporting revenue of about HK$460 million, a year-on-year increase of roughly 70 percent. The bank said growth was supported by credit management and risk controls, alongside flexible pricing strategies. Net interest income reached HK$430 million, also up about 70 percent compared with the [...] The post WeLab Bank Posts HK$460 Million in H1 2025 Revenue as Profitability Continues appeared first on Fintech Hong Kong.| Fintech Hong Kong
WeLab Bank has launched what it says is Hong Kong’s first AI-powered foreign exchange service, offering customers cost-price FX rates with no hidden fees. The service is said to come with a “Best Rate Guarantee,” where the bank will match and refund the difference if a customer finds a better FX rate at another bank [...] The post WeLab Bank Launches AI-Powered FX Service in Hong Kong With 11 Major Currencies appeared first on Fintech Hong Kong.| Fintech Hong Kong
Do virtual banks need to be primary deposit accounts, and if so, how will they get there?| Digital Finance