Fintech News Hong Kong

Where Does The Future Lie for Virtual Banks?

As Asia goes through our own virtual banking revolution, looking to our western counterparts may provide hints as to where

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LINE Pay Begins Integrating WeChat Pay

LINE Pay Corporation, operator of the LINE Pay mobile money transfer and payment service available on the LINE messaging app,

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One of China’s Largest Bank Is Now Using FICO’s Big Data Solution

China Construction Bank (CCB), one of the leading banks in China, announced that it has significantly lifted its approval rate

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Hong Kong’s Protest Driving Demand and Price for Bitcoin

As Hong Kong’s protest intensifies, market observers are noticing a surge in demand for bitcoin in Hong Kong. Bloomberg reported

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Sequioa-Backed QFPay Raises US$20 Million to Fuel Its Global Expansion

QFPay, a China based digital payment technology company has received a new round of USD20 million funding. This funding round

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Deutsche Bank Rolls Out Digital Signatures

Deutsche Bank announced that digital signatures are now being rolled out for clients in Asia Pacific. As cross-border document and

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China is Issuing its Own Cryptocurrency Answer to Facebook’s Libra This Month

The People’s Bank of China (PBoC) is close to issuing its own cryptocurrency, Shanghai Security News reports. This is in

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How Will Driverless Cars of The Future Be Insured?

Self-driving cars have been touted that as the future of transportation by many, including the likes of Elon Musk who

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Shenzhen Has Issued 6 Million Blockchain Invoices in a Year

Shenzhen has demonstrated its willingness to experiment with innovative technology when it issued its first digital invoice on the blockchain

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Digital Insurance Grown 20 Times but Traditional Channels Still Dominant in China

The insurance industry is on the brink of a major transformation, driven by factors such as macroeconomic development, changing consumer

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Soon You Might Not Need An Internet Connection to Make Payments Using WeChat

In July, Tencent’s super-app WeChat ran a trial that enabled passengers of two Spring Airlines flights between Shanghai and Chengdu

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Standard Chartered Launched eXellerator Innovation Lab in China

Standard Chartered Bank announced the launch of the eXellerator innovation lab in China, that brings together employees, corporate clients and

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Hong Kong’s Regulator Shares its Progress in Implementing Open Banking So Far

The Hong Kong Monetary Authority (HKMA) unveiled today in a media statement, the progress of its Open API framework and

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South Korea Eyeing to Grant More Virtual Banking Licenses

South Korea’s Financial Services Commission (FSC), the government’s top financial regulator, will resume a new round of procedures for granting

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Line and Rakuten Are Among The First to Receive Taiwan’s Virtual Banking Licenses

Taiwan’s Financial Supervisory Commission is said to have issued it virtual banking licences to three consortiums, according to a report

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Mobile Money Transfers to Exceed 200 Billion Transactions in 2024

New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in

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Korea’s Regulator Approves Another 5 Companies to Be Part of its Fintech Sandbox

The Financial Services Commission of  South Korea has approved an additional 5 companies to be part of its fintech sandbox.

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Once Notorious for Copying, China’s Tech Giants Are Now Being Copied by the West

As China emerges as a tech powerhouse, successful concepts from Chinese tech giants are being studied and replicated by Asian

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Eddie Yue Appointed as New HKMA CEO; Executive Director Resigns Citing Personal Reasons

Eddie Yue, who currently serves as the Deputy CEO of HKMA will succeed Norman Chan as the new CEO in

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When It Comes to Payments, Its Risky to Use Your Face

In China, platforms and services like Alibaba’s Alipay and Tencent’s WeChat Pay have brought facial recognition payments to online and

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Shake-Up in ZhongAn’s Senior Leadership Team

ZhongAn, a leading insurtech company in China, today announced new senior leadership appointments. Former General Manager and Joint CEO Mr.

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Tencent & ICBC’s Virtual Bank Renamed to Fusion Bank

Infinium Limited, the virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge today

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5 Recent Stories Shaping Korea’s Blockchain Ecosystem

South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more

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China’s New Fintech Strategy Includes a “Chinese Version” of Regulatory Sandboxes

China’s central bank, the People’s Bank of China (PBoC) has revealed at the 4th Global Fintech (Beijing Summit) that it

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At Long Last, iPhone Users Will Soon be Able to Use Their Phones Instead of The Octopus Card

Octopus cards will soon be usable virtually via an iPhone, according to the city’s e-payments giant. With the iPhone’s Apple

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Fintech is Hong Kong’s Strongest Innovation Sector, Study Concludes

KPMG and Alibaba Entrepreneurs Funds’ joint report has made it official—fintech is ranked as Hong Kong’s strongest innovation sector, beating

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Fintech Infographic of the Week: Ethical AI

Artificial intelligence (AI) is set to play a key role in the future of financial services and more broadly in

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Fintech Top Articles

Fintech Map Japan

Japan has the world’s third-largest economy and has always been associated with the high technological developments. As the country looks

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Fintech in Hong Kong 2017 Startup and Ecosystem Report and Infographic

With over a hundred fintech ventures and more than 35 investors and accelerator programs, Hong Kong’s fintech ecosystem is growing

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Top 12 Fintech Startups in Hong Kong

Hong Kong’s long-established financial center, burgeoning startup scene and developed business center connecting Mainland China with global markets, have made

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Top 50 Digital Only Banks Ranking 2017

The Financial IT magazine unveiled the Digital Only Bank Ranking in their latest special magazine for Sibos & Money 20/20. They

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The Case for Robo-Advisory and Digital Wealth

An April 2017 Burnmark report rexplored the tie-up between digital wealth and robo-advisory within the FinTech industry. With retail investors

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The Peer To Peer Lending Industry In Hong Kong – High In Potential & Competition

Hong Kong is a well known financial centre in Asia which serves as a gateway to China. According to one

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10 Blockchain Books and Studies You Should Read

Blockchain has become a buzzword in the business world with firms from diverse and varied industries all looking to harness

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6 Hong Kong Crypto and Blockchain Platforms You Should Know

Over the past few years, the fintech industries of south and northeast Asian countries including Hong Kong, Singapore, and China

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Who-Is-Who Of Hong Kong InsurTech

Thrilled to share with you our latest Asia Insurance-Tech (InsurTech) Directory, covering Hong Kong ecosystem. With this directory we aim

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8 Future Fintech Unicorn Startups in Hong Kong to Watch in 2018

Hong Kong had a great year 2017 filled with exciting new projects and initiatives, numerous local startups gaining international recognition and a

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Wesurance launches Hong Kong’s First Insurance App Featuring AI and eKYC

Wesurance, a Hong Kong-based InsurTech startup, takes the city’s insurance sector into a new era with the launch of the

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Robo Advisors in Hong Kong

Robo advisors are taking off in Asia, attracting younger generations with digital, low-cost wealth management solutions. In Asia Pacific (APAC),

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