The first digital bank in Hong Kong provides 6% deposit rates that rival HSBC's

HONG KONG (BLOOMBERG)— Hong Kong's first new generation of digital banks announced their launch with an introductory deposit rate of 6 percent.

ZA Bank, one of eight firms preparing to start digital-only banks in Hong Kong, has started a trial run that pays more than 3 percent...

Neobanks on the rise

As the traditional banking systems are being termed as outdated by the technologically advanced people using it there is a revolution in the financial technology and banking technology that will change the future of these services that have been working in the traditional way and are long overdue...