Fintech News Hong Kong

How Can Financial Institutions Put a Stop to Account Takeover Attacks

Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO)

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Klook and ZA Form Joint Venture to Offer Travel Insurance

Travel and leisure booking platform Klook and ZA Tech, the technology venture founded by ZA International and backed by Softbank’s

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The Hong Kong Fintech Week 2021 Ends on a High Note

Hong Kong Fintech Week (HKFW) 2021 ended on November 5, closing a global conference exploring an array of business opportunities

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Regtech to Play Key Role in the Development of Green Finance in Hong Kong

Demand for green finance is surging in Hong Kong but the lack of unified standards or definitions of green financial

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Virtual Banks Mox and Livi Grab Top Spots in Regional Mobile Banking Benchmark

The Mobile Banking Benchmark 2021 survey found that Hong Kong’s virtual banks Mox and Livi stood out as regional leaders,

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Airwallex Raises US$100 Million in Series E Extension, Now Valued at US$5.5 Billion

Cross border payments firm Airwallex announced it has secured an additional US$100 million in a Series E1 financing round, raising

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FIS: Over One-Third of Hong Kongers Open to Use Digital Currencies in the Next 5 Years

35 percent of Hong Kong citizens said they are open to use cryptocurrencies or central bank digital currencies (CBDCs) as

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Digital Wallets to Become Preferred Payment Method in Hong Kong by 2023

In Asia-Pacific (APAC), digital wallets are gradually booming in popularity. By 2023, these apps and digital platforms are expected to

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Hong Kong Insurer OneDegree Offers Digital Assets Protection for HKbitEX

Hong Kong’s multi-line insurer OneDegree announced a partnership with digital asset exchange HKbitEX to offer protection for its sister company

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Alibaba-Backed Hong Kong Firm Qupital Secures US$150 Million Series B

Qupital, a Hong Kong-based financing platform for cross-border e-commerce sellers, announced it has raised US$150 million in a combination of

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ZA Bank Enables Instant Loan Approval

ZA Bank announced that starting from today, new users will get their loan application approval results instantly via ZA Bank’s

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10 Key Highlights from Day 2 of Hong Kong Fintech Week 2021

Hong Kong Fintech Week 2021’s 2nd day continues to be abuzz with activities, announcements, and sessions with industry leaders. From

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Visa and Neat Launch Virtual and Physical USD Corporate Cards in Hong Kong

Neat, the Hong Kong based financial solutions ecosystem for SMEs and Visa today announced the launch of the Neat USD

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10 Key Highlights from Day 1 of Hong Kong Fintech Week

Hong Kong’s most anticipated fintech event returns for its sixth year as a hybrid event, allowing participants to join the

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Fintech Emerges as Dominant Vertical in Hong Kong’s Vibrant Startup Ecosystem

Fintech has emerged as the dominant vertical in the country’s vibrant startup ecosystem, according to the 2021 Startup Survey conducted

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Currenxie Unveils Cross Border Visa Business Cards in Hong Kong

Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it has launched a Visa card to provide businesses with a

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2C2P to Offer UnionPay’s Payments Authentication for Hong Kong Merchants

Global payments platform 2C2P announced a partnership with UnionPay International to offer the UnionPay 3-D Secure (3DS) payment authentication solution

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Effective Fraud Management: How Digital Banks Can Come Out on Top

The financial services industry has felt the impact of the increasing demand for digital offerings for some time now. However,

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Hex Trust Appoints HKEX’s Former Advisor James Fok to Its Board

Hong Kong-based digital asset custody service provider Hex Trust announced that James Fok has joined its advisory board. James brings

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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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Hong Kong Fintech Week 2021 to Lead Scaling up for Fintech Future

Invest Hong Kong (InvestHK) announced details of Hong Kong Fintech Week 2021, themed “Scaling Fintech Future Together”, which will be

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How Will Hong Kong’s Digital Currency E-HKD Work?

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on a retail central bank digital currency (CBDC), proposing

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Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for

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OSL Exchange Now Available to Latin American Customers

OSL, a SFC-licensed digital asset platform and member of BC Technology Group, announced that it has expanded access to its

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6 Reasons Why Hong Kong Is The Ideal Place for Fintech Startups

Hong Kong’s business-friendly environment, financial and operational support, strategic position in Asia-Pacific (APAC) and advanced technical infrastructure provide ideal conditions

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Latest HKMA Regtech Guide Outlines Benefits of E-Governance, Risk & Compliance Platforms

Banks and financial institutions are faced with critical challenges in their current governance, risk, and compliance (GRC) approaches, which often

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Hong Kong’s Virtual Insurer Bowtie Closes US$22.6 Million Series B1 Led by Mitsui

Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with

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Cyberport Venture Capital Forum to Return in November 2021

The Cyberport Venture Capital Forum (CVCF), its premier annual venture forum will return on the 2-3 November with the theme

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HKMA Unveils List of 19 Eligible Banks for the Cross Border Investment Scheme

The Hong Kong Monetary Authority (HKMA) has released the list of 19 eligible banks in the country which can launch

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ZA-Backed Startup Bloom Partners With Visa to Create a Cashback App

Bloom, a Hong Kong-based technology startup backed by ZA International, announced a collaboration with Visa to create a cashback app.

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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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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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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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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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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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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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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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South Korea’s Rapidly Growing P2P Lending Industry Faces Scrutiny

With a mushrooming delinquency rate and investment fraud allegations, South Korea’s rapidly growing peer-to-peer (P2P) lending industry has come under

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