Covid-19 caused inevitable disruptions to the launch of virtual banks in Hong Kong, but it, on the other hand, turned out to be a catalyst in forcing investors to use digital services. Could now be the time for virtual banks to break into the world of fund distribution?
In this paper, we explore:
- The opportunities and challenges facing virtual banks in financial industry
- How traditional banks and technology companies are responding to the emergence of virtual banks
- How could virtual banks reshape the funds industry if asset management firms leverage them as a new distribution channel