Hong Kong's ZA Bank can now offer investment services

The license will allow the bank to offer investment services.

ZA Bank is expanding its portfolio into investment business as the first local digital-only bank to be licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).

With this, the virtual bank will now be able to offer users simple and convenient investment services.

ZA Bank's initial focus is on creating a different fund investment experience with an array of products in the pipeline.

“The obsession with user experience shows our determination to be the ‘Game Changer’ in the banking industry. Within just 2 years since our full launch, our dedication to innovative banking services has earned us the trust and support of more than 500,000 users. We look forward to further enhancing users’ experience with our game-changing investment fund services,” ZA Bank CEO Rockson Hsu said.

ZA Bank said the official launch date of its investment fund services will be announced in due course.