Fintech News Hong Kong
10 Companies Vying for the Hong Kong Retail Crypto License
New regulations governing cryptocurrency exchanges came into force in Hong Kong on 1st June, now allowing these crypto platforms to
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Alibaba Cloud Unveil New Ecosystem Development Initiatives and Partnerships
Alibaba Cloud, the cloud division of the Chinese e-commerce giant, is launching several initiatives to support its ecosystem partners, including
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied
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InvestHK Officially Launches the Global Fast Track 2023 Fintech Accelerator
Invest Hong Kong (InvestHK) had announced today the official launch of its year-round fintech accelerator Global Fast Track 2023 (GFT).
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UAE and Hong Kong Central Banks to Cooperate on Fintech, Virtual Asset Rules
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) is set to enhance
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Bowtie’s Total Insured Amount Exceeded HK$60 Billion in Four Years
Hong Kong’s virtual insurer Bowtie announced that its total insured amount exceeded HK$60 billion with over 90,000 customers since its
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krip Seeks to Redefine Spending by Uncovering Hidden Credit Card Deals
Amidst the vibrant energy of Hong Kong, a world of incredible opportunities awaits savvy consumers eager to make their money
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AWS Backs HSUHK’s Efforts to Build Hong Kong’s Cloud Innovation School
Amazon Web Services (AWS) will support the Hang Seng University of Hong Kong (HSUHK) in its efforts to establish a
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ZA Bank Plans to Offer Crypto Trading for Its Retail Investors
Hong Kong’s virtual bank ZA said that it plans to introduce virtual asset trading services for retail investors under the
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Hong Kong Will Soon Accept Crypto Exchange License Applications
The Hong Kong Securities and Futures Commission (SFC) announced that it will soon allow licensed trading platform operators to serve
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HKMA Picks 16 Firms for Retail CBDC Pilot Programme ‘e-HKD’
The Hong Kong Monetary Authority (HKMA) has commenced its e-HKD Pilot Programme with a total of 16 firms selected from
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HKEX Appoints Andrew Loong to Spearhead Its Digital Assets Ecosystem
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that Andrew Loong has joined the group as Managing Director and
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Airwallex and Expedia to Offer Hotel Discounts for Business Travellers
Cross border payments firm Airwallex has partnered with online travel company Expedia Group to help customers save when booking hotel
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HSBC Appoints Brad Jones to Spearhead Its E-Wallet PayMe
HSBC announced the appointment of Brad Jones as the new Head of PayMe, its mobile wallet in Hong Kong with
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Fintech Reaches Mainstream Adoption in Hong Kong with 94% Penetration
In Hong Kong, fintech is reaching mainstream adoption among consumers. Digital payments are becoming the norm in people’s daily lives,
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Bank of Korea, Samsung to Research Use of CBDCs for Offline Payments
The South Korean central bank has reportedly partnered with tech giant Samsung Electronics to research Central Bank Digital Currencies (CBDCs)
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London Stock Exchange: A Gateway to Global Markets for APAC Fintechs
In recent years, the Asia-Pacific (APAC) region has been at the forefront of the FinTech revolution, with many innovative companies
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The Sandbox Taps Hex Trust to Enable Secure Custody of Metaverse Assets
Hex Trust, an institutional-grade digital asset custodian licensed across global financial hubs, has partnered with The Sandbox, a decentralised gaming
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Macau Pass Officially Approved to Provide Acquiring Services to Alipay+
The Macau Pass has been officially approved to provide acquiring services to Alipay+, a suite of cross-border payments and marketing
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Broadridge: Financial Firms to Increase Next-Gen Tech Investment in the Next 2 Years
Digital transformation has become the most important strategic initiative for many financial services firms, with innovative technologies underpinning core business
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Airwallex Launches in Israel, Appoints Ex-Googler to Lead Operations
Cross border payments firm Airwallex has officially launched its operations in Tel Aviv, Israel as the first step of its
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Japan’s SMBC, Incubate Fund Set up US$200 Million Fintech Fund in Singapore
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and early-stage venture capital firm Incubate Fund has co-founded the US$200 million “SMBC Asia
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iFAST Wealth Advisers Awards 2023 Celebrates the Best in the Financial Industry
The iFAST Financial Hong Kong had organised its annual awards ceremony and cocktail event in The Upper House at Admiralty
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MUFG Set to Launch New Debt Funds Worth US$400 Million in Japan, Europe
Mitsubishi UFJ Financial Group (MUFG) announced plans to establish two new debt funds for Japanese and European startups worth almost
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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector
The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that
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Ant Group Considers Selling Its Stake in Digital Bank Subsidiary
Chinese fintech giant Ant Group is mulling the sale of its stake in its Hong Kong-based virtual bank, according to
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HKEX Appoints Patrick Khong as Co-head of Data and Analytics
The Hong Kong Exchange & Clearing Limited (HKEX) announced that Patrick Khong has been appointed as its Managing Director and
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Hyphen Group in Merger Talks With SPAC Backed by Peter Thiel
Hyphen Group, a Hong Kong-based fintech firm, is said to be in merger talks with Bridgetown Holdings, a U.S.-listed special
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ZA Bank Steps up Security When Users Bind Their Visa Cards With Digital Wallets
Hong Kong’s virtual bank ZA said that its users are now required to complete additional authentication when binding ZA Card
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UOB Hong Kong Partners Swiss Firm SGS to Drive Sustainable Financing
UOB Hong Kong has tied up with Swiss testing and inspection group SGS in a bid to to promote sustainable
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An Overview of Digital Wallets in Hong Kong in 2020
Hong Kong has been pushing for greater development and adoption of digital and mobile payments with the Hong Kong Monetary
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Fintech Top Articles
Meet Hong Kong’s 8 New Virtual Banks
UPDATE: Four of Hong Kong virtual banks have since launched, check out our latest article to find out the progress
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How Does Hong Kong’s Digital Lending Scene Compare to The Disaster in China
P2P lending and digital lending has been on the rise lately, with many countries moving to regulate the space. Conventional
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Crowdfunding Fails To Take Off In Hong Kong
In recent years, crowdfunding has emerged as a popular way for individuals, startups and businesses to raise funding from a
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Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires
Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private
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Ant Financial to Share Full Suite of AI Capabilities with Asset Management Companies
At Financial announced that the Company will share a full suite of AI capabilities with asset management companies in China
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Local Fintech Startup to Fuel Global Ambition with US$1.6 Million from Vectr Ventures
gini, a Hong Kong-based smart spending-tracker announced that it has completed its seed round with a $1.6 million investment from
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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding
Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong
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Sofi Invest Enters HK With Its Commission Free-Trading Through Acquisition of 8 Securities
SoFi, the digital personal finance company, announced today an expansion into its first international market, with the introduction of SoFi
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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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Research Paper Examines the Impact of China’s New Regulatory Regime for P2P Lenders
China, the undisputed fintech leader, has seen its online lending market grow rapidly since the late 2000s, fueled by the high
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Deliveroo Launches Deliveroo Links –A First-Of-Its-Kind Surplus Food Donation Campaign In Hong Kong
Deliveroo, a Hong Kong’s food delivery company, announces the launch of ‘Deliveroo Links’. This is a first-of-its-kind surplus food donation
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Chinese Personal Finance Fintech Sponsors NBA China
X Financial and NBA China announced today a multi-year marketing partnership that makes the company an official marketing partner of NBA China.
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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital
Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage
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HKMA Moves to Plug the Regtech Talent Gap to Promote Adoption
A recent report commissioned by the Hong Kong Monetary Authority (HKMA) had highlighted a series of recommendations to promote the
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Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors
Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60
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A Look at Line and Nomura’s Zero-Commission Online Brokerage in Japan
Line Securities Corporation, a joint venture between Asian financial services group Nomura Holdings and Line Financial Corporation, the financial services
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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda
Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity
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How WeChat Pay Determines If You Are Trustworthy With Their Credit Score
WeChat Pay, Tencent’s mobile payments system integrated into the WeChat super-app, has told its users that it will be giving
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