Financial Inclusion and Virtual Bank in the Era of Digitalisation: A Regulatory Case Study in Hong Kong

Law, Sau-Wai

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Title	Financial Inclusion and Virtual Bank in the Era of Digitalisation: A Regulatory Case Study in Hong Kong
Authors	Law, Sau-Wai
ORCID
Keywords	банківське законодавство та практика банковское право и практика banking law and practices фінансове регулювання финансовое регулирование financial regulation фінансова інклюзія финансовая доступность financial inclusion віртуальний банкінг виртуальный банкинг virtual banking оцифрування банку оцифровка банка bank digitisation цифровізація оцифровка digitalisation
Type	Article
Date of Issue	2021
URI	https://essuir.sumdu.edu.ua/handle/123456789/86110
Publisher	Sumy State University
License	Creative Commons Attribution 4.0 International License
Citation	Sau-Wai Law. (2021). Financial Inclusion and Virtual Bank in the Era of Digitalisation: A Regulatory Case Study in Hong Kong. SocioEconomic Challenges, 5(3), 81-91. https://doi.org/10.21272/sec.5(3).81-91.2021
Abstract	Implicit in the promise of virtual banks is the mission of promoting financial inclusion in Hong Kong, through offering increased accessibility and brand-new customer experiences through the internet which are said to be easier, more personalised and customer-centered. Nevertheless, while regulators encourage using technological solutions to reduce barriers to access and friction, there is a need to strike a balance between promoting technological innovations, protecting customers, and enhancing the returns to investors.
Appears in Collections:	SocioEconomic Challenges (SEC)