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HKMA and BIS Innovation Hub Launches Trade Finance Tech Challenge
The Bank for International Settlements Innovation Hub (BISIH) and the Hong Kong Monetary Authority (HKMA) launched the “TechChallenge – Digitising Trade Finance” initiative to highlight the potential for new technologies to enhance trade finance mechanisms. The initiative is administered by
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Equinix Invests US$51 Million Expanding Its Data Center in Hong Kong
Equinix, the global interconnection and data center company, has completed the third phase expansion of HK4, one of its five International Business Exchange™ (IBX®) data centers in Hong Kong with an investment of US$51 million (approximately HK$364 million). HK4 provides
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Episode Six Secures US$7 Million to Accelerate Global Growth as Demand for Digital Transformation Increases
Episode Six, a next-generation financial technology provider, today announced that it has secured US$7 million of its Series A funding. The round was led by HSBC and includes investments from Mastercard and SBI Investment Co., Ltd., which first invested in Episode
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AWS and HSBC Reach Long-Term Strategic Cloud Agreement
HSBC has partnered with Amazon Web Services (AWS) for a long-term strategic cloud agreement to drive their digital transformation for new and personalised banking services. As part of a multi-year global agreement, HSBC will make AWS technology available across the
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Cyberport to Boost HK Fintech Talent Pool with HK Government’s US$15.5 Million Fund
Cyberport today announced that it has been commissioned by the Financial Services and the Treasury Bureau to implement the “Fintech Anti-epidemic Scheme for Talent Development” (FAST), established under the second round of the Hong Kong Special Administrative Region (HKSAR) Government’s
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6 Cloud-Based Services Providers for Financial Institutions and Fintechs
The use of cloud technology is rapidly catching up in financial services, with PwC calling it one of the major fintech trends for 2020. A Cornerstone Advisors study found that a quarter of financial institutions are planning to invest in
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Lufax’s Subsidiary Receives Nod to Provide Investment and Wealth Services in Hong Kong
Lufax Holding’s subsidiary LUI HK announced today that Hong Kong Securities and Futures Commission (SFC) has granted the company regulatory approval to provide investment and wealth management services for all customers in Hong Kong. They expect their app to go
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Now Home to Over 600 Fintechs, Hong Kong Unveils New Fintech Initiatives
In the coming year, Hong Kong will be introducing several new measures and initiatives to facilitate fintech development with a focus on building up its fintech talent pool, and expanding the application of technological infrastructures such as the iAM Smart
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HKTDC’s Start-Up Express Pitching Contest Showcases Innovative Solutions
Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in
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DBS’ Latest Gimmick Shows You How You Might Look Like At Retirement to Help Plan for It
With evolving lifestyles, growing awareness of health and fitness, and medical advancement enabling more people to live longer, retirement will increasingly require a bigger and more stable nest egg. To help people better understand their retirement needs and plan for
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