WeLab CEO Loong on Fintech, Virtual Banking, Strategy

The video discusses the expansion of tech companies and virtual banks into Asian markets, focusing on the role of e-commerce as a fintech growth indicator. It highlights responsible lending practices using technology to serve unbanked populations. The video also covers plans for launching a virtual bank in Hong Kong, leveraging data analytics for customer insights, and potential expansion into Singapore. The discussion concludes with considerations for an IPO, emphasizing the importance of building a strong virtual banking foundation first.

What differentiates the approach of virtual banks from traditional banks in terms of customer insights?

What factors are being considered before entering the Singapore market?

What is the current focus of the company regarding the launch of their virtual bank?