WeLab operates a virtual bank in Hong Kong as well as banking, payments, and tech businesses in mainland China and Indonesia – with an IPO on the cards. Founder Simon Loong speaks with Jame DiBiasio about metrics for a virtual bank, doing business in the Greater Bay Area, and what's next.

Timecodes:

0:00 - Simon Loong, WeLab

1:36 - Metrics for virtual banks

2:57 - Comparing with incumbent banks

5:27 - Fintech and virtual-bank lending practices

6:52 - Is tech really a differentiator?

8:54 - Incumbents also catching up in digital

11:06 - WeLab's other businesses and markets

15:17 - Strategic investor AllianzX

17:14 - Wealth business in Greater Bay Area

20:56 - Tech's role in GBA wealth and banking

23:27 - VCs and strategic investors

26:19 - IPO, profitability, and WeLab's future