Archive
TransferWise Launches in Hong Kong, Targets Businesses and Consumers
Following the completion of its three-month pilot scheme in Hong Kong, UK-based international fintech remittance firm, TransferWise will now fully launch their service for both business and personal use here. TransferWise’ Thrust into Hong Kong TransferWise’s scalable business model has
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Campfire Shared Spaces Close USD18 Million in Series-A Funding
Campfire, a global network of shared spaces founded in Hong Kong, announced Series-A investment reached USD18million, led by Kwai Hung Group, Sa Sa Int’l Holdings Ltd and Fast Global Holdings Ltd, a subsidiary of Rykadan Capital Ltd. Exceeding expectations, the
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MYbank Will Share Its Risk Management & AI Data With 1K Financial Institutions In China
Alibaba-backed MYbank, a Chinese online bank with a focus on lending, announced that it will be opening up its artificial intelligence, computing and risk management capabilities to financial institutions in China, in what is called their Star Plan. Through these
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Investor Guide to Smart ICO Investments
Over the past 2 years, the crypto space and blockchain projects have gained popularity across the globe. As a result, many dubious players entered the market to get a piece of the crypto pie. It is increasingly difficult for investors
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DBS Accelerator Hong Kong Demo Day: 11 Fintech Startup Showcases
Potential investors and members of the local startup community at DBS Accelerator Demo Day got a sneak peek at the future of banking, as the founders of 11 startups from Hong Kong and around the world showcased FinTech solutions to enhance the
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AlipayHK and GCash Launch Cross-Border Remittance Service on Blockchain
AlipayHK and GCash announced the launch of a cross-border remittance service through their e-wallet platforms, powered by blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group. Alibpay claims that this is the first blockchain-based
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Alipay Introduces Two New Money Market Funds
Alipay, the world’s largest online, mobile payment and lifestyle platform, operated by Ant Financial Services Group, announced last month the addition of two new money market funds to Yu’e Bao, the spare cash management platform within the Alipay app. The
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Neat Receives 2 Million USD in Fresh Funding, Launches Digital Banking for Corporates
Neat, a Hong Kong-based digital alternative to a traditional bank, announced a USD 2 Million funding round from Singapore-based investor Dymon Asia Ventures, and Portag3 Ventures based in Montreal – the latter making its first investment in Asia. Neat’s Thrust
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EmTech Hong Kong Showcased a Wide Array of Emerging Technologies
The third edition of EmTech Hong Kong, co-organised by MIT Technology Review and Koelnmesse, ended on a high note after two days of stimulating and insightful discussions on the latest breakthroughs in science and technology. Held from 26 to 27
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Hong Kong Monetary Authority Appoints Colin Pou to Build the Fintech Ecosystem
The Hong Kong Monetary Authority (HKMA) announced today recently that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Colin Pou as Executive Director (Financial Infrastructure) with
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