Digital challenger and virtual banks: A game changer, or more of the same?

Presented by the Finance, Legal and Tax Committee

Digital challenger and virtual banks: A game changer, or more of the same?

Presented by the Finance, Legal and Tax Committee

Update 24 October at 4:48pm: Please note that registrations have now closed for this event. If you have any enquiries, please email

The Hong Kong Monetary Authority has recently issued the city’s first virtual banking licenses – eight in total. Australia has also seen its own wave of new Digital Challenger Banks rise from both start-ups and incumbents. How will this new era of Digital-first Banking impact Hong Kong businesses, and what changes can you expect as a result? Will it be truly transformative – or will it just be more of the same, but on a different platform?

Join us on Friday, 25 October as our expert panel explores what Digital/Virtual banking could mean for you and your business, and hear about the disruptive technologies that are affecting traditional Banks in Australia, Hong Kong and beyond.  

Our speakers will also look ahead to trends that are revolutionising the way we bank, and what we can expect from the industry in Australia, Hong Kong and beyond.



Fri, October 25, 2019


12:00 PM - 02:00 PM



30/F, Standard Chartered Bank Building, 4-4A Des Voeux Road Central


Member: $200.00

Non-Member: $250.00


Edwin Hui
Standard Chartered Bank

Edwin leads Partnership, Strategy and Corporate Affairs for the Virtual Bank by Standard Chartered. He has over 15 years of banking experience, previously heading up Investor Relations in Asia for Standard Chartered Bank and earlier as an equity research analysts covering Hong Kong and China Financials with Bank of America Merrill Lynch.

Jessica Lam

Jessica is currently at WeLab – Hong Kong’s home grown fintech company which operates WeLend and the WeLab virtual bank in Hong Kong, Wolaidai, Taoxinji and Tian Mian in Mainland China and a fintech joint venture AWDA in Indonesia. The company also offers B2B enterprise solutions by partnering with traditional financial institutions which utilize WeLab’s technology to offer fintech-enabled solutions to their customers. 

Jessica drives group’s overall strategy which includes spearheading the roll out of the WeLab virtual bank. Prior to joining WeLab in 2017, Jessica spent over 12 years at Goldman Sachs in the areas of corporate finance as well as Private Wealth Management. 

Lareina Wang

Lareina Wang is the Head of Smart Banking for HSBC Retail Banking and Wealth Management in Hong Kong. In this role she leads the implementation of HKMA Smart Banking initiatives as well as the bank’s Partnerships and Innovation agenda. She was Head of FinTech Partnerships at HSBC UK where she focussed on the acceleration of HSBC’s innovation agenda and led two successful tests within the FCA Regulatory Sandbox. Lareina was heavily involved in defining Open Banking strategy for HSBC UK.

Prior to that, Lareina held various senior digital roles in HSBC, Barclays and Ogilvy in London.  

Lareina holds a BA in English Literature and an MSc in International Marketing. 

Tony Ohlsson
Volt Bank

Tony has extensive experience in financial services and advanced analytics in senior leadership roles in Australia, and with major banks globally. Tony is the founder of global Data Science consulting group AlphaZetta and led Teradata’s International Centre of Excellence for financial services, retail and communications industries and now brings his expertise to the role of Chief Analytics Officer at Volt Bank.

Liam Gilligan
Standard Chartered Banks Hong Kong eXellerator

Liam Gilligan is a member of SC Ventures and Heads Standard Chartered Banks Hong Kong eXellerator, SCB’s innovation lab setup to accelerate development of customer centric solutions. Liam is an experienced business innovator, with 15 years’ experience across both startup and large corporate in innovation, product development, business development, strategy, and human centered design. 

Liam is also the co-chair of the Innovation & Design Committee of the Hong Kong Fintech Association.

Prior to joining SCB, Liam ran the Innovation Lab for Commonwealth Bank of Australia in Hong Kong.