WeLab Bank has been awarded the "Best Digital Bank in Hong Kong" by *Euromoney*.
July 23, 2025 |
AEF |
Portfolio
WeLab Bank proudly celebrates its fifth anniversary with a momentous milestone, becoming the first bank in Hong Kong to receive multiple recognitions in digital banking by leading international financial publications. These honors include “Best Digital Bank for Consumers - Hong Kong” by the Euromoney Awards for Excellence 2025 and “Best Digital Bank - Hong Kong” and “Best Bank for Financial Inclusion - Hong Kong” by the FinanceAsia Awards 2025, underscoring the Bank’s excellence in digital innovation and its steadfast commitment to financial inclusion.Since its inception, WeLab Bank has revolutionized the digital banking landscape in Hong Kong with a series of industry-first innovations designed to empower customers to “Manage, Save, and Grow” (MSG) their wealth. These include launching Hong Kong’s first numberless debit card; introducing flexible GoSave time deposit services; pioneering a first-in-market, zero-subscription-fee Featured Funds Service; and launching the GoWealth Digital Wealth Advisory, which provides customers with intelligent, goal-based investment solutions.Achieving profitability within just four years—well ahead of the industry average of five to seven years—WeLab Bank has demonstrated exceptional financial performance, robust risk management, and a relentless drive for innovation. Last year, the Bank has maintained a leading market share in new unsecured personal loans among all banks in Hong Kong, driven by its proprietary AI-powered credit decisioning engine and advanced credit risk management. While the market delinquency rate worsened 13% YoY, WeLab Bank improved its credit performance by 37%, significantly outperforming the market, the Bank has firmly established itself as a leader in Hong Kong’s digital banking sector.Tat Lee, Chief Executive of WeLab Bank, reflected on the milestone: "As WeLab’s first employee, I’ve had the privilege of witnessing our journey from a small team of fewer than ten people to becoming a trailblazer in Hong Kong’s digital banking industry. Five years ago, we set out with a clear vision: to create a bank that understands customers better than they understand themselves. This has been the driving force behind our success and grown beyond Hong Kong. By leveraging our technological output to support the Group's business expansion in Southeast Asia, we are advancing financial inclusion and creating impactful value across the region."
