Virtual banks: To be or not to be?

You may be familiar with this banking experience: people jostling one another, snakelike queues moving slowly and staff unhurriedly handling paper documents. For most people, this probably won’t be a pleasant experience. But have you ever wondered why we have to go to a branch banking in person, hand over stacks of paper documents and wait for the enduring review process?……(continue reading)

Continue Reading →

Fintech solution to smoothen retail cashflow

On November 27, 2019, US President Donald Trump passed the PROTECT Hong Kong Act and the Hong Kong Human Rights and Democracy Act. Although the immediate effect of the two bills on Hong Kong will be little, Hong Kong’s long-term economic development can be at stake if Hong Kong becomes a battleground between the US and China. The Chief Executive Carrie lam said the bills could be detrimental to creating a favorable business environment in Hong Kong, given it is particularly difficult for Hong Kong to assess the impact of them on industrial development and to predict what actions the US would take at this stage. (continue reading……)

Continue Reading →

Brief Discussion on Corporate Banking Services (3) — Long Term Financing

In previous articles, we talked about Working Capital Loan and Trade Finance in Corporate Banking. Those are short-term financing products for small and medium enterprises. For the more sophisticated enterprises or even investment consortium, they may borrow longer term for various loan purposes like Capital Expenditure, Refinancing and even for Merger & Acquisition…..(continue reading)

Continue Reading →

FinTech helps SMEs to reduce bank interests

As business owners or financial controllers, have you ever experienced the below? For the similar facility size and borrowing terms, various banks make their indicative pricing quite differently. This even happens among different bankers in the same bank. On the other hand, the competition in retail banking is fierce and price setting is relatively transparent. How could this happen? How SMEs can reduce their bank interest cost by the application of financial technology?

Continue Reading →