WeLab Bank

We’re excited to share an inspiring interview with our Chief Executive, Tat Lee, featured in the "I am an HKUSTer" Series hosted by HKUST. Tat reflects on his extraordinary journey from an HKUST Computer Science student to an innovative thinker and visionary leader shaping the future of digital banking. His unwavering dedication to fintech innovation and strategic leadership continues to drive WeLab Bank’s mission to transform the digital banking landscape with intelligence and impact.  👉🏻Watch the full interview here: https://lnkd.in/gZXXudWM #WeLabBank #Innovation #Leadership #DigitalBank #Leadership WeLab Bank WeLend Simon Loong Kelly Wong Ernest Leung Rachel Lam Paul Ip Jessica Lam Renee So Ken Chen Nap Chan Kent Choi Millie P. Marco Lee Dorothy Chan Alva Lee Crystal Wong Elaine Lai Viann Kwok Joel Lam Kathy Fu Derek Yip

Cheers to a year of growth and milestones for WeLab Bank and WeLab Group – let’s 𝗴𝗼 𝗲𝘃𝗲𝗻 𝗯𝗶𝗴𝗴𝗲𝗿 in 2025! 🚀

At WeLab Bank, we uphold a 𝐳𝐞𝐫𝐨-𝐭𝐨𝐥𝐞𝐫𝐚𝐧𝐜𝐞 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 to fraud, reflecting our commitment to protecting customers and demonstrating professionalism in assisting the Anti-Deception Coordination Centre (ADCC) with deception cases. 🏆 We are honored to receive 𝐬𝐞𝐯𝐞𝐧 𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐏𝐨𝐥𝐢𝐜𝐞 𝐅𝐨𝐫𝐜𝐞 𝐟𝐨𝐫 𝟐𝟎𝟐𝟒, recognizing our proactive efforts in combating financial crime and safeguarding the community. Our Alternate Chief Executive & Chief Compliance Officer, Millie P., shared, "In today’s digital age, where scams and cyber threats are increasingly sophisticated, combating financial crime requires vigilance, collaboration and strong partnerships. I am grateful for the cross-team efforts that made this recognition possible. We remain dedicated to ensuring customer safety, strengthening cybersecurity and building trust across all areas of digital banking." We will continue working closely with the law enforcement to enhance public awareness and foster a safer, more secure banking environment for all. 🔒✨ #WeLabBank #DigitalBanking #Cybersecurity #FraudPrevention #Recognition

💡 𝐖𝐞𝐋𝐚𝐛 𝐁𝐚𝐧𝐤 is proud to have served as the 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐛𝐚𝐧𝐤 for the 𝐇.𝐒. 𝐂𝐡𝐚𝐮 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧’𝐬 “𝐃𝐞𝐚𝐫 𝐆𝐢𝐫𝐥𝐟𝐫𝐢𝐞𝐧𝐝𝐬” 𝐬𝐮𝐛𝐬𝐢𝐝𝐲 𝐩𝐫𝐨𝐠𝐫𝐚𝐦. Over 𝐇𝐊$𝟔𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in subsidies were distributed to 𝟏𝟖,𝟔𝟓𝟔 female students from 𝟑𝟓𝟒 secondary schools across Hong Kong. This initiative has successfully concluded, supporting the Foundation’s objectives of financial alleviation to allow for focus on educational development. 💻 WeLab Bank transformed subsidy distribution by using interbank digital settlements and the Faster Payment System (FPS), directly connecting to students’ bank accounts or stored-value facilities like e-wallets.  The program has delivered positive outcomes:  ✅ 𝟗𝟎% reduction in per-person administrative costs  ✅ 𝟗𝟓% of users reporting a positive experience  ✅ 𝟗𝟒% recognizing the subsidy’s positive impact on future learning 🌟 WeLab Bank Chief Executive Tat Lee emphasizes our commitment to driving social impact through innovative fintech solutions. Excited to collaborate further for a brighter community. Press Release 👉🏻https://lnkd.in/gtahrPED News article 👉🏻https://lnkd.in/gBpsdXss #WeLabBank #Fintech #DigitalBank #Subsidy #DearGirlfriends #CommunityImpact #Innovation

🎉 Well Done WeLabbers: Celebrating a Year of Achievements! 🎉 Last Friday, WeLabbers came together for the unforgettable Annual Dinner 2024, themed "𝕎𝕖𝟙𝟙 𝔻𝕠𝕟𝕖 𝕎𝕖𝕃𝕒𝕓𝕓𝕖𝕣𝕤”, as we celebrated the group’s 𝟙𝟙𝕥𝕙 anniversary! 🥳 2024 was a transformative year for the Bank, highlighted by our corporate reorganization in June, which created stronger synergies across our businesses and brought us closer to sustainable and profitable growth. We took this chance to thank every WeLabber for their hard work and dedication in driving these remarkable achievements. 🚀 During this event, we also honored our outstanding WeLabbers with Long Service Awards for their 5-year anniversaries, celebrating their unwavering commitment and invaluable contributions to WeLab Bank’s journey. 🙌 The night featured a fantastic feast, filled with joy, laughter, fun games, lucky draws 🎁, and the Best Dressed Competition, where WeLabbers showcased their creativity and team spirit in dazzling red and white outfits. A special shoutout to the Finance Team, who took home the Best Dressed Award! 🎭A heartfelt thank you goes out to our incredible volunteer organizing committee and the People & Culture team for their hard work in making this event such a success! As we step into 2025, let’s aim to go 𝓑𝓘𝓖𝓖𝓔𝓡 𝓪𝓷𝓭 𝓑𝓔𝓣𝓣𝓔𝓡 together. Here’s to another amazing year of success, growth, and endless possibilities! 🥂✨ #WeLabBank #Fintech #TeamSpirit #Celebration #LetsGoBigger

At WeLab Bank, we continuously embrace technology to deliver an efficient, secure, and customer-focused banking experience. Our close partner, Alibaba Cloud has helped us address three key pain points: 𝐞𝐧𝐡𝐚𝐧𝐜𝐢𝐧𝐠 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞, 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬, and 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐜𝐥𝐨𝐮𝐝-𝐛𝐚𝐬𝐞𝐝 𝐈𝐓 𝐚𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐞 𝐝𝐞𝐬𝐢𝐠𝐧. This can ensure a secure and private virtual cloud environment for our core business systems across multiple clouds. 🌐✨ Watch the video below featuring our Chief Executive, Tat Lee, as he shares insights on how this partnership is enabling us to innovate and grow in the digital banking landscape! #WeLabBank #DigitalBanking #Cloud #Technology #CustomerFirst #Innovation WeLab Bank WeLab WeLend Simon Loong Kelly Wong Ernest Leung Tat Lee Rachel Lam Paul Ip Jessica Lam Renee So Ken Chen Edward Wu Nap Chan Kent Choi Yier C. Cannas Ng Kayley So Brian Sy Kenny Shea Yu Han Yong Millie P. Marco Lee Kenny Cheng Chung Wing Mok Dorothy Chan Alva Lee Crystal Wong Kathy Fu Elaine Lai Viann Kwok Joel Lam

🚀 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐓𝐫𝐮𝐦𝐩'𝐬 𝐄𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐖𝐢𝐧! Donald Trump’s recent victory in the 2024 presidential election has everyone buzzing, and investors are already strategizing for what’s next! How can investors seize the opportunities ahead? Here are some game-changing insights to consider.💡 #WeLabBank #GoWealth #InvestmentInsights #MarketOpportunities #2024USPresidentialElection WeLab WeLab Bank WeLend Simon Loong Kelly Wong Ernest Leung Tat Lee Rachel Lam Paul Ip Jessica Lam Renee So Ken Chen Edward Wu Nap Chan Kent Choi Yier C. Cannas Ng Kayley So Brian Sy Kenny Shea Yu Han Yong Millie P. Marco Lee Kenny Cheng Chung Wing Mok Dorothy Chan Alva Lee Crystal Wong Kathy Fu Elaine Lai Viann Kwok Joel Lam

𝟐𝟎𝟐𝟒 𝐅𝐚𝐥𝐥 𝐒𝐞𝐚𝐬𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐢𝐧 𝐀𝐬𝐢𝐚📈 It is clear that the economic slowdown, shifts in monetary policy, and geopolitical tensions are intensifying investment risks outside of Asia. 🌏 How should investors adjust their strategies to mitigate risks and seize opportunities in Asia through technical and defensive allocations? See below for some analysis and tips! #WeLabBank #GoWealth #InvestmentOpportunities #Asia #fintech #DigitalBank WeLab WeLab Bank WeLend Simon Loong Kelly Wong Ernest Leung Tat Lee Rachel Lam Paul Ip Jessica Lam Renee So Marco Lee Ken Chen Edward Wu Nap Chan Kent Choi Yier C. Cannas Ng Kayley So Brian Sy Kenny Shea Yu Han Yong Millie P. Chung Wing Mok Kenny Cheng Jasmine Yung Kathy Fu Elaine Lai Viann Kwok Sarah Cheung Alva Lee

🌟𝐖𝐞𝐋𝐚𝐛 𝐁𝐚𝐧𝐤: 𝐒𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐨𝐟𝐟 𝟏𝐇 𝟐𝟎𝟐𝟒 𝐬𝐭𝐫𝐨𝐧𝐠𝐥𝐲 𝐰𝐢𝐭𝐡 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧!🌟 After integrating WeLend as a wholly owned subsidiary of WeLab Bank, we are reaping the rewards: enhanced synergies and a swift momentum boost. The Bank excelled in the first half of 2024, achieving strong, sustainable growth. Confidence runs high as we expect the full-year breakeven in 2025! 💪🏻 WeLab Bank is one of the largest digital banks in HK by revenue with total assets close to HKD 9 billion. Our profitability improves continuously, highlighted by an over 10% loan net interest margin and a sound 73% loan-to-deposit ratio. Thanks to our core competence in credit risk technology, we maintain healthy risk-adjusted returns that outperform the market. 📉 Net loss is on a steady decline - a 23% decrease YoY in H1 2024. Progressively narrowing by 54% from the investment peak in H2 2021, monthly net loss also improved by 75%. We expect to reach monthly breakeven soon while offering best-in-class digital banking services to our 650,000+ tech-savvy users. 💼 The loan business remains our performance powerhouse, with the loan book growing by 160% to over HKD 5 billion, propelling us to become the top 4 lenders in the market for new monthly disbursements. 💰 Our popular time deposit product, #GoSave, has won the hearts of our customers, leading to a remarkable 120% surge in total deposits. This success is fueled by competitive rates and engaging initiatives such as lucky draws and flash offers. Additionally, we have strengthened ties with existing customers, doubling the average deposit per customer over a span of 6 months. 🚀 Our wealth management business drives substantial growth, witnessing a 300% YoY surge in investment inflows, while AUM per invested wealth customer soared by 180% annually. Our investment performance excelled with #GoWealth (digital wealth advisory solution) achieving over 24% yield growth. Impressively, 98% of #GoWealth customers enjoyed positive investment returns! 🏆 Following to the recognition as "𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫" last year, the Bank recently received the "𝐀𝐈 & 𝐌𝐋 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫" award, showcasing the bank's technological prowess and leadership in the industry. 🔮 Looking ahead, leveraging the synergy among WeLab Group, we are poised to achieve more and greater in the future with more innovative products to launch. Stay tuned! #WeLabBank #DigitalBankingExcellence #FintechLeadership #InnovationInBanking #TechPioneers #AwardWinningBank #VirtualBankOfTheYear

Our Chairman Professor KC Chan moderated a business plenary at the 2024 Belt and Road Summit💬, where prominent business leaders gathered to exchange views about opportunities arising from the Belt and Road Initiative(BRI)✨. Guided by Professor Chan, the plenary explored promising prospects from rapidly rising ASEAN, building on concrete achievements in the past years. The focus of the discussion was on Hong Kong’s role in facilitating multilateral business cooperation as well as the strategies global enterprises are adopting under the latest global landscape🌐. Following the Summit, Professor Chan also shared his insight with the media. He emphasized Hong Kong's vital role as a "super-connector" and facilitator of opportunities within the BRI, particularly in the burgeoning ASEAN and Central Asian markets🌏. He highlighted Hong Kong's enduring appeal as a financial hub and encouraged companies to leverage their strengths and tap into these emerging markets, where sizable tech-savvy population and highly-scalable markets provide ample opportunities business, particularly in technology,  to flourish and thrive🚀. WeLab Bank #BRI #BeltandRoadInitiative #ASEAN #CentralAsia #HongKong #FinTech #DigitalBanking #populationbonus #techbonus