CORRECTING and REPLACING – Standard Chartered, PCCW, HKT and Ctrip Finance Build a New Virtual Bank in Hong Kong
28 Mars 2019 - 4:11AM
In a release issued under the same headline earlier today by Ctrip,
please note that the second paragraph of the release has been
revised. The corrected release follows:
Standard Chartered Bank (Hong Kong) Limited
(“Standard Chartered”), PCCW Limited (“PCCW”), HKT Trust and HKT
Limited (“HKT”) and Ctrip Financial Management (Hong Kong) Co.,
Limited (“Ctrip Finance”) today announced the establishment of a
strategic joint venture to deliver a new standalone digital retail
bank in Hong Kong. The joint venture will be conducted under a new
entity, which today was granted a licence to operate a virtual bank
in Hong Kong by the Hong Kong Monetary Authority (“HKMA”).
The joint venture will draw on the partners’
respective strengths to reach a broader spectrum of customers and
to redefine the digital banking experience in Hong Kong by:
Integrating virtual banking into the service
offerings to PCCW’s, HKT’s and Ctrip’s well established customer
basesProviding a suite of retail financial services and products,
as well as unique telecom, entertainment and travel propositions
from partners all in one placeOffering services that are
personalised to customers’ circumstances, interests and
needsAbility to open accounts and apply for financial services
on-the-go in real-timeSubject to regulatory approval, the Board of
Directors will comprise Mary Huen (CEO of Standard Chartered Bank
(Hong Kong) Limited) as Chairman of the Board, Susanna Hui
(Executive Director and Group Managing Director of HKT), Janet Feng
(CEO of Ctrip Finance and Senior Vice President of Ctrip Group), Dr
Michael Gorriz (Group Chief Information Officer of Standard
Chartered Bank), Samir Subberwal (Regional Head of Retail Banking,
Greater China and North Asia of Standard Chartered Bank), Deniz
Güven (CEO of the Virtual Bank) and three Independent Non-Executive
Directors.
Mary Huen said: “As the oldest note issuing bank
in Hong Kong, Standard Chartered has been serving the community for
160 years. Today, we are delighted to be among the first to receive
a virtual bank licence from the HKMA and we are excited to partner
with PCCW, HKT and Ctrip Finance. The strengths of our partners
combined with our own rich banking expertise mean that we are in a
strong position to provide diverse financial solutions to redefine
the banking experience for customers in Hong Kong.”
Susanna Hui added: “As a trusted service
provider and innovator, the addition of banking services to our
digital ecosystem highlights an essential part of our integrated
platform for consumers and merchants, and is a natural extension of
our product offerings and relationship with our customers. We look
forward to working with Standard Chartered and Ctrip Finance to
provide a seamless and secure digital platform for customers to
manage their financial matters.”
Janet Feng said: “Fully digitised retail banking
is an innovation with extremely exciting implications for the
travel industry, and Ctrip Finance is delighted to partner with
Standard Chartered, PCCW and HKT to launch a new virtual bank in
Hong Kong. The new initiative is set to provide Ctrip customers
with a travel experience that is more comprehensive in service and
convenient to use. Ctrip Finance remains committed to providing the
most timely and professional financial services to travellers.”
For further information, please contact:Gabriel
KwanStandard Chartered+852 2820 3036
Ivan HoPCCW Group / HKT+852 2883 8747
Ctrip.com International, ltd.International PR+86
21 3406 4880 ext 196455
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