Fintech News Hong Kong

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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A Look into South Korea’s Booming E-Wallet Scene

South Koreans are increasingly going cashless as more people turn to e-wallets in South Korea for both online and offline

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WeLab Eyes to Launch Virtual Bank by This Year

It’s been several months now since the Hong Kong Monetary Authority (HKMA) announced the 8 licensees granted approval to operate

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Hong Kong’s Central Bank is Now Working with France to Cultivate Fintech Innovation

The Hong Kong Monetary Authority (HKMA) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), France’s central bank, entered into a

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Sony and Daiwa Want Their Newly Launched Startup Fund to Hit 20 Bil Yen

Sony and Daiwa Capital announced the establishment of Innovation Growth Ventures (IGV), a joint venture company created to establish a

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Ping An’s Operations Across The Board Will Be Powered by AI and Blockchain

Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations—banking, securities, fund and

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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism

Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will

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Xero and Stripe Join Forces to Bring Seamless Payments to Millions of Small Businesses

Xero, the global small business platform announced a partnership with Stripe to develop new innovations that help small businesses get

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Samsung SDS Expands Blockchain Business with Cloud-Based Enterprise Platform

Samsung SDS introduced customers’ common pain points in adopting blockchain and announced its blockchain business direction and the solution to

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Credit Suisse Collaborates with HK-Based Prive to Enhance Its Digital Offerings

Credit Suisse today announced a collaboration with Privé Technologies (Privé), a Hong Kong-based digital wealth management solutions platform provider for

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Diginex’s Digital Assets Unit Granted License from SFC

Diginex Group announced that a unit of its group Diginex AM has been granted a license a Type 4 (Advising

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South Korea’s Banks Commit US$492.7 Million to Digitisation

South Korea’s banking industry is embracing digital transformation with 65.7% of the country’s financial institutions pursuing various business projects in

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SWIFT Responds to Bitspark’s Accusations That It Is Slowing Innovation

In his recently published e-book, George Harrap co-founder of Hong Kong based blockchain remittance startup Bitspark, pointed fingers at SWIFT

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Hangzhou Eyes to Produce 10 Globally Known Fintech Firms by 2022

The government of Hangzhou unveiled a plan to build the eastern Chinese city into an international fintech hub by 2030.

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Livi VB’s New Trump Card is a CEO With Experience in China’s First Virtual Bank

Due to the worryingly slow development of digital banking in Hong Kong, regulator Hong Kong Monetary Authority (HKMA) granted virtual banking

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Cyberport’s 350 Startups to Gain Access to Ping An’s Fintech Open Platform

Cyberport signed a memorandum of understanding Ping An’s fintech arm One connect to o be among the first batch partners

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Bitspark Co-Founder Claims SWIFT Is Hindering Innovation

George Harrap, CEO and Co-founder of Hong-Kong based blockchain remittance startup, Bitspark, has outed SWIFT for hampering fintech from driving

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Shenzhen Stock Exchange Partners Up with Tencent to Launch Fintech Innovation Lab

Tencent and Shenzhen Stock Exchange (SZSE) have banded together to form a joint innovation lab, named the SZE – Tencent

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A Snapshot of Fintech in Hong Kong in 2019

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the

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How Cryptocurrency Scams Work

Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes

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Tencent’s Fintech & Cloud Unit Generates US$ 3.1 Billion in Q1 of 2019

In their quarterly results announcement, Tencent revealed that its fintech and cloud services generated RMB21.8 billion (US$ 3.1 Billion) in

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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster

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Globally, Insurtechs Received over US$1 Bil in Funding Q1 of 2019

Insurtech investment continued its momentum with 85 deals totaling US$1.42 billion recorded in Q1 2019, marking the third-straight quarter to

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Meet Hong Kong’s 8 New Virtual Banks

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients, in three separate announcements

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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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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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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 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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