Fintech News Hong Kong

Hong Kong’s OSL Facilitated Meitu’s US$ 10 M Bitcoin Transaction

OSL announced that its SFC-licensed digital asset brokerage OSL Digital Securities acted as the trade execution and custody partner for

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Hong Kong Digital Asset Exchange to Launch First NFT Trading Platform in Hong Kong

The Hong Kong Digital Asset Exchange (HKD.com), has announced its plans for what it described as Hong Kong’s first one-stop

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Ping An OneConnect Bank Partners JETCO to Enable Cardless ATM Withdrawal

Ping An OneConnect Bank (PAOB) announced today they have partnered with JETCO to roll out cardless ATM withdrawal services. Through

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Robo Advisor StashAway Rolls Out Services in Hong Kong

Digital wealth management platform StashAway announced that it will now be available to Hong Kong residents and is licensed by

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HK Based Digital Asset Custodian Hex Trust Snags US$6 Million in Funding

Hong Kong-based digital asset custody service provider Hex Trust announced that it has closed its Series A funding round with

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HKMA Partners Bank of Japan to Unveil Cross-Border Delivery-Versus-Payment Link

The Hong Kong Monetary Authority (HKMA) announced the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the

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Visa Pilots Payment Settlements Using Stablecoin with Crypto.com

Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to

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Virtual Banks Could Serve a Quarter of Hong Kong’s Population by 2025

By 2025, virtual banks could be serving a total of 1.9 million customers, or 24.9% of the Hong Kong population,

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Hong Kong Monetary Authority Launches Global Regtech Challenge

The Hong Kong Monetary Authority (HKMA) announced today the launch of its Global Regtech challenge which they described as a

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Cyperport Features Seven Startups in Wealthtech Demo Day

Hong Kong digital tech park Cyberport had organised a two-day WealthTech Demo Day in partnership with the Chinese Financial Association

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6 Digital Wealth Management Trends in APAC

In Asia Pacific (APAC), digital wealth management is poised for strong growth. Driving this momentum is the region’s rapidly growing

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Airwallex Now Valued at Over US$2 Billion with Latest US$ 100 Million Funding Round

Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion

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Reports of the Death of Challenger Banks Are Greatly Exaggerated

Against the backdrop of the cacophony of noise and emerging trends in Asia, it’s difficult even for the keenest of

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Virtual Bank ZA Enters the SME Market

ZA Bank announced the launch of their business banking which they say leverages “ZME Revolving Loan”, an unsecured business revolving

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From Relationships to Platforms – the Shift in Corporate Banking

Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This

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Accuity: Four Digital Payment Trends in 2021 for Banks and Payment Service Providers

We are experiencing more change in the payments space than we have over the past thirty years. This is an

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Virtual Bank ZA Has Gained 300k Users Ahead of Its 1st Year Anniversary

ZA Bank, one of Hong Kong’s eight virtual banks, announced that it has now gained 300,000 users in time for

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ZA Tech Partners With Prudential’s Indonesian Joint Venture

ZA Tech, the technology venture founded by ZhongAn Online and backed by Softbank’s Vision Fund, has partnered with PFI Mega

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SFC-Licensed Crypto Trading Platform OSL Goes Live

OSL Digital Securities Limited (OSL DS), a SFC-licensed digital asset platform and member of BC Technology Group, announced that it

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Alibaba’s Ant Group Focuses Efforts To Be Carbon Neutral by 2030

Ant Group announced it will become carbon neutral by 2030, and pledged its support to bring down emissions through technological

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Cyberport-HKIB Regtech Demo Day Showcases Hong Kong’s Booming Regtech Sector

At Regtech Demo Day on March 3 and 4, seven of Cyberport’s fast-growing regulatory technology (regtech) startups showcased their latest

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WeLab Raises US$75 Million in Funding Round Led by Allianz

Hong Kong-based virtual bank WeLab announced that it has completed the initial close of Series C-1 funding led by Allianz

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Payoneer vs Wise – Which International Payment Solution Is For You?

If you are selling internationally then you need a method of accepting and making payments that works and doesn’t cost

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From Insurance Firm to Tech Ecosystem: Ping An’s Rise to Becoming a Tech Giant

China’s Ping An started out as a property and casualty insurance company but rapidly grew into becoming what we know

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Airwallex Completes Acquisition of SVF Operator Unicard

Airwallex, a cross border payment company, announced that it has completed the acquisition of UniCard Solution Limited following the regulatory

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Crypto.com Inks Deal With Aston Martin Formula 1 Team

Hong Kong-based cryptocurrency platform Crypto.com announced a global partnership with the Aston Martin Cognizant Formula One™ Team ahead of its

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Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card

livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card. livi

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Platform: The Strongest Foundation for Faster Digital Transformation in Banking

The last year has brought many changes, including the large and rapid shift towards digital which has also seen banks

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APAC’s Fintech Investments Hit a Six-Year Low in 2020

KPMG report found that fintech companies in Asia Pacific attracted USD 11.6 billion across 565 deals from venture capital, private

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Cyberport’s HK$10 Million Fintech Subsidy Scheme Open for Applications

Hong Kong digital tech park Cyberport announced that the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the

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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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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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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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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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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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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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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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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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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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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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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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Wolters Kluwer Bags ZA Bank as a Customer for Its Regtech Solutions

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory

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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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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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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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Lending Activity Decreases and Loan Defaults on The Rise in Hong Kong Amid COVID-19

The newly-released TransUnion Q1 2020 Industry Insights Report shows that COVID-19 has severely amplified the impact of the 2019 Hong

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