HSBC, Citi speed up digital push to ward off Asian virtual banking upstarts

HSBC, Citi speed up digital push to ward off Asian virtual banking upstarts

A man walks past a logo of HSBC outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip/File Photo

Banks in Asia’s financial hubs such as HSBC Holdings Plc and Citigroup Inc. are finding that the disruption from the coronavirus outbreak is helping them push back on a threat from a new breed of virtual upstarts.

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