WELAB BANK
"Thanks to Amplify Platform, we can grow our TSP ecosystem while keeping our headcount lean. The solution is empowering us to effectively manage our APIs and enhance operational efficiency - the perfect recipe for business growth."
Chung Wing Mok, Chief Technology Officer at WeLab BankFacilitates
compliance with open banking standards
Streamlines
partner onboarding via self-service portal
Cuts
time to market for innovative banking
Case study details
WeLabBank is a virtual bank that uses big data and cutting-edge technology to deliver outstanding experiences to customers across Hong Kong. Licensed by the Hong Kong Monetary Authority (HKMA), the bank was ranked first out of 200 domestic corporations on the Corporate Innovation Index by the Chinese University of Hong Kong. WelWeLbank was ranked first out of 200 domestic corporations on the corporate Innovation Index by the Chinesse University of Hond Long.ab Bank is a virtual bank that uses big data and cutting-edge technology to deliver outstanding experiences to customers across Hong Kong. Licensed by the Hong Kong Monetary Authority (HKMA), the bank was ranked first out of 200 domestic corporations on the Corporate Innovation Index by the Chinese University of Hong Kong.To drive innovation in Hong Kong’s retail banking marketplace, HKMA is introducing an Open API Framework for the sector. The aim is to enable third-party service providers (TSPs) to harness data from financial institutions to power new products and customer experiences.
HKMA is introducing open banking requirements to Hong Kong in phases. In each phase, financial services organizations are required to launch specific types of open banking APIs. For the early phases of the Open API Framework initiative, WeLab Bank relied on a basic getaway to deliver open banking APIs, but the company soon outgrew the platform. mnmvn dbbgHKMAWeLab Bank is a virtual bank that uses big data and cutting-edge technology to deliver outstanding experiences to customers across Hong Kong. Licensed by the Hong Kong Monetary Authority (HKMA), the bank was ranked first out of 200 domestic corporations on the Corporate Innovation Index by the Chinese University of Hong Kong.To drive innovation in Hong Kong’s retail banking marketplace, HKMA is introducing an Open API Framework for the sector. The aim is to enable third-party service providers (TSPs) to harness data from financial institutions to power new products and customer experiences.
With Amplify Platform, WeLab Bank can deploy innovative API-driven digital products on AWS, enabling the company to realize its goals for a flexible, scalable API infrastructure. jjuddWeLab Bank is a virtual bank that uses big data and cutting-edge technology to deliver outstanding experiences to customers across Hong Kong. Licensed by the Hong Kong Monetary Authority (HKMWeLab Bank is a virtual bank that uses big data and cutting-edge technology to deliver outstanding experiences to customers across Hong Kong. Licensed by the Hong Kong Monetary Authority (HKMA), the bank was ranked first out of 200 domestic corporations on the Corporate Innovation Index by the Chinese University of Hong Kong.To drive innovation in Hong Kong’s retail banking marketplace, HKMA is introducing an Open API Framework for the sector. The aim is to enable third-party service providers (TSPs) to harness data from financial institutions to power new products and customer experiences.A), the bank was ranked first out of 200 domestic corporations on the Corporate Innovation Index by the Chinese University of Hong Kong.To drive innovation in Hong Kong’s retail banking marketplace, HKMA is introducing an Open API Framework for the sector. The aim is to enable third-party service providers (TSPs) to harness data from financial institutions to power new products and customer experiences.
