Fintech News Hong Kong
Accenture and Cyberport Bring Fintech Innovation Lab APAC Back for Its 8th Year With More Opportunities for Young Startups
The Fintech Innovation Lab Asia Pacific program is returning for its eighth edition this year with more opportunities for young
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Ping An Completes Initial Close of US$200 Million Fintech & Healthtech Venture Fund
Ping An Insurance announced the initial close of Ping An Voyager Partners, LP, a growth stage venture fund, having secured
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Airwallex Granted E-Money License to Expand Footprint to the Netherlands
Airwallex announced that it has secured its Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB) on 30
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HKUST Inks Deal With Tencent Finance Academy to Nurture Fintech Talent
The Hong Kong University of Science and Technology (HKUST) signed a Memorandum of Understanding (MoU) with the Tencent Finance Academy
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Livi Bank Hops on the BNPL Bandwagon With the Launch of Livi PayLater
livi bank, one of Hong Kong’s eight virtual banks, has introduced a new Buy Now, Pay Later (BNPL) solution with
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Robo Advisor AQUMON Unveils Bitcoin Investment Solution
Robo-advisor AQUMON has introduced SmartGlobalX, a smart bitcoin ETF investment portfolio that integrating its flagship SmartGlobal algorithms with a Bitcoin
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ZA Bank Kicks off Its Insurtech Offering With New Pure Life Insurance Product
Hong Kong’s virtual bank ZA Bank has joined hands with ZA Insure, a fully digital insurer under the ZA brand,
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Payoneer Ties up With eBay for E-Commerce Deal in China
Payoneer, the global payment and commerce-enabling platform, announced that it is collaborating with eBay to manage payouts for sellers in
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Wise Enables Funds Transfer via Faster Payments System Using Mobile Numbers
Remittance firm Wise, formerly known as TransferWise, has rolled out the feature enabling Hong Kongers to receive funds from abroad
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Ping An Named the World’s Most Valuable Insurance Brand Fifth Year in a Row
Ping An Insurance was named the world’s most valuable insurance brand in the Insurance 2021 100 Ranking, a spot in
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Ant Group’s Digital Bank Doubles Down on Financial Inclusion in Rural China
MYbank, an online private commercial bank in China and an associate of Ant Group with a focus on serving rural
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Building a Bank in 100 Days
COVID-19 has accelerated a trend which had already begun in many parts of APAC – the closure of branches. At
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ZA Bank Now Offers SME Loans up to HKD 18 Million
Hong Kong’s virtual bank ZA Bank is offering a financing guarantee facility of up to HKD 18 million called “ZME
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PAOB Hits Nearly Half a Billion Mark in Deposits Within 4 Months of Operations
Ping An OneConnect Bank (PAOB), one of Hong Kong’s eight virtual banks, has released its financial statement for the year
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Airstar Bank Now Offers Foreign Exchange Trading Services
Airstar Bank, a virtual bank that began full operation in June 2020, has introduced a new foreign exchange (FX) service
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Asia Leads the Way with Central Bank Backed Digital Currencies (CBDCs)
Central banks in Asian countries including Cambodia, Thailand, Mainland China, Hong Kong and Singapore, have more advanced central bank digital
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Digital Insurer Blue First to Adopt Hong Kong’s iAM Smart Digital Identity Authentication
Hong Kong’s digital life insurer Blue has adopted the iAM Smart authentication method, providing a digital alternative for customers to
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Accenture and Cyberport’s Joint Fintech Accelerator Now Accepts Applications
Accenture’s Fintech Innovation Lab Asia Pacific in collaboration with Hong Kong digital tech park Cyberport is now accepting applications for
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Insurtech Ignatica Closes $7 Million Pre-Series A Round
Ignatica, an insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced that it has
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AQUMON Develops Robo Advisory Platform for CMB Wing Lung Bank
AQUMON has developed a robo advisory platform called Wealth-Tech Services for the CMB Wing Lung Bank to provide the latter’s
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YAS Launches Microinsurance for NFTs
Hong Kong-based insurtech YAS announced the launch of of a NFT (Non-Fungible Token) microinsurance called NFTY, joining hands with Generali‘s
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TransUnion Study Notes Uptick in Digital Fraud Attempts in Hong Kong
TransUnion’s latest quarterly analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters in Hong Kong
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Taiwanese Fintech Sector Poised for Growth Amid Booming Startup Ecosystem
Taiwan’s booming startup ecosystem and recent fintech developments could be hinting at further growth in the local fintech sector. A
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APAC Consumers Turn to Social Media as Main Channel for Customer Support
In Asia Pacific (APAC), consumers are seeking customer support through social media platforms instead of making a call or sending
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ConsenSys Raises US$ 65 Million from JP Morgan, Mastercard, and UBS
Global blockchain software company ConsenSys announced the final close of its US$65 million funding round from the likes of J.P.
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Hong Kong’s OSL Facilitated Meitu’s US$ 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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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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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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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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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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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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