Fintech newbies, lenders queue up as Hong Kong prepares to issue online banking licences

Fintech newbies, lenders queue up as Hong Kong prepares to issue online banking licences

A Chinese national flag flies in front of the China Construction Bank (CCB) Tower at Hong Kong's business Central district December 26, 2014. REUTERS/Tyrone Siu

At least a dozen banks, fintechs and telecom firms are lining up to get a piece of Hong Kong’s retail and small business banking market as the regulator prepares to award the former British colony’s first online-only banking licenses.

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