Fintech News Hong Kong

WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch

WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000

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Hong Kong Fintech Hub Cyberport Becomes Hotbed for Insurtech Innovation

Widely known for its massive fintech community of close to 400 companies, business park Cyberport is now rapidly emerging as

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InvestHK Unveils Fintech Global Fast Track Programme

InvestHK has unveiled the Global Fast Track Programme, a business-driven programme within Hong Kong Fintech Week, to help local and

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Banking Circle Examines Changes In Attitude Towards Digitisation

Just like in almost every other industry, financial institutions have been planning and implementing increased digitalisation for some years. However,

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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

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Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit

Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The

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Nielsen: 82% of Customers Won’t Consider Loan Offerings from Virtual Banks

A study by Nielsen has found that consumers are quite wary of personal loan services despite being regarded as one

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Homegrown WeLab Bank Fully Launches with 8% Cash Back on Debit Card Spending

WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to

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EMQ Raises US$20M in Series B Funding Round

EMQ, Hong Kong-based financial settlement network, announced the issuance of US$20 million Series B preferred shares led by WI Harper

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Airwallex Partners Deutsche Bank for API-Enabled Forex Services

Deutsche Bank announced that it will enable fintech unicorn Airwallex to provide virtual account collections and API-enabled foreign exchange services

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Tricor Launches Eletronic General Meetings Solution

Tricor formed a strategic partnership 3 Hong Kong, University of Hong Kong and Microsoft to unveil SPOT, a platform that

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China’s National Digital Currency Project Enrolls Over 20 Companies as Partners

Support and adoption of the Chinese national digital currency project, the Digital Currency Electronic Payment (DCEP), is accelerating with now

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Technical Analysis and the Fintech Market in Hong Kong

Hong Kong is a bustling hub of FinTech activity. A core market in Asia, Hong Kong is also central to

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YAS Launches Microinsurance Marketplace in Hong Kong

YAS Digital Limited (YDL), a Hong Kong-based regional insurtech venture, today unveiled a microinsurance marketplace in Hong Kong. They described

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Ant Group Unveils New Blockchain Brand AntChain

Ant Group, a leading provider of financial services technology, and the parent company of China’s largest mobile payments business Alipay,

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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

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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.

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Ant Group Plans a Concurrent Listing in Shanghai and Hong Kong’s Stock Exchange

Ant Group, the parent company of China’s largest mobile payments business Alipay and leading provider of financial services technology, today

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WeLab Bank Launches Numberless Debit Card with Mastercard

WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority (HKMA), will launch a numberless bank card

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HKSTP and HSBC Team Up to Drive Open Banking Innovation in Hong Kong

Hong Kong Science and Technology Parks Corporation (HKSTP) has teamed up with HSBC today to drive open banking innovation for

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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

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Millennials Most Targeted Group by Hong Kong Digital Fraudsters

The quarterly analysis of online fraud trends in Hong Kong by TransUnion found the percentage of suspected fraudulent digital transactions

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Ping An Bank Ranks 46th on Top 1000 World Banks

Ping An Insurance (Group) Company of China, Ltd. announced that its subsidiary Ping An Bank Co., Ltd. (“Ping An Bank”)

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Virtual Insurer One Degree Pivots to Offering Core Insurance Platform to Incumbents

OneDegree Global, an insurtech firm with presence in Hong Kong and Taipei, announced today that it has launched IXT Core,

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Alipay Maintains Dominance in China Over Tencent’s WeChat Pay and QQ Wallet

A new report by iResearch Consulting Group indicates that the total size of third-party mobile payment transactions in China reduced

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EMQ Bags Remittance Partnership in Cambodia with AMK

AMK, the provider of microfinance services in Cambodia, and EMQ, a global financial settlement network, have teamed up to facilitate

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Hong Kong’s Virtual Bank WeLab Named On the 2020 CNBC Disruptor 50 List

WeLab has been named #11 on the 2020 CNBC Disruptor 50 list, and was the only company included from Hong Kong

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Mainland China Pilots Cross Border Investments with Hong Kong and Macau

The People’s Bank of China, the Hong Kong Monetary Authority, and the Monetary Authority of Macao have implemented a pilot

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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

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What is A Digital Currency and Why They Are The Real Revolution

Technology is transforming payments, and one of the most widely talked about innovations in this regard has been digital currencies.

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Fintech Top Articles

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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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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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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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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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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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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Neat Snubs Virtual Banking License and Picks Up The Money Lender License Instead

The fintech startup Neat, a digital banking alternative, has been granted a Money Lender’s License in Hong Kong, which marks

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Skype Co-Founder’s Lending Startup Raises US$105 Mil

Oriente, the Hong Kong-based financial services and technology company announced today that it had completed a US$ 105 million initial

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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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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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HKMA Explores Suptech, The Overlooked Missing Piece of The Smart Banking Picture

It is often said that fintech is one of the most regulated tech sectors in the world, and for good

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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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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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