WeLab Bank absorbs WeLend financing business - Digital Finance
CEO Tat Lee says innovation, not deposit size, will determine whether a virtual bank can succeed.| Digital Finance
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, a Hong Kong fintech platform, and Google have announced a partnership focused on applying AI across WeLab’s operations and financial services. The collaboration aims to support WeLab’s goal of providing AI-driven financial solutions to 500 million users by 2032. Under the partnership, WeLab will use Google’s AI models and tools to enhance operational efficiency, [...] The post WeLab and Google Partner to Expand AI in Digital Banking appeared first on Fintech Hong Kong.| Fintech Hong Kong
CEO Tat Lee says innovation, not deposit size, will determine whether a virtual bank can succeed.| Digital Finance
