Fintech News Hong Kong

24 Fintech Unicorns Were Born in 2019

In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the

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CoolBitX Raises $16.75M In Series B Funding Led By SBI Holdings

CoolBitX, has successfully secured $16.75 million in a Series B funding round. According to their statement, the funding will help

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Digital Assets Firm FinFabrik to Integrate Chekk’s KYC Solution

FinFabrik signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling

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Zinvest Financial Joins the Zero-Commission Crusade

Zinvest Financial (“Zinvest”), a SEC-registered investment adviser that offers advisory & trading resources to US-Asia investors, today announced its official

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A Mask Inventory System on Blockchain is Being Deployed to Fight Coronavirus in Taiwan

Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of

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HK-Based Fintech Awarded “Most Innovative” in Alibaba’s Global Pitch Competition

The Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition Grand Finale today announced the top five winners at the close

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Mastercard’s Entry into China Paints of Picture of China’s Market Liberalisation

Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing

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Easy Euro Raises US$ 4 Million to Provide Digital Banking Services to SMEs

EasyEuro a fintech startup that describes itself as a Paris and Shenzhen based company offering digital banking services to SME trading

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3 Ways China’s Bigtechs are Helping to Tackle the Coronavirus Crisis

In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant

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ZA Bank Picks Fiserv to Power its Cards Payments

Fiserv, a global tech vendor for financial services and ZA Bank the first virtual bank to soft launch in Hong Kong

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HK-Based Crypto Startup Bitspark to Close its Doors Soon

In a blog post written by its founder George Harrap, Bitspark announced that it will be shutting down as of

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WorldRemit Announces Global Remittance Partnership With Alipay

WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to

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Airwallex Partners Visa to Launch its B2B Cards Payment Solution

Visa and Airwallex today announced a global partnership to launch Airwallex borderless Card, a B2B card-based solution to help business

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China Releases Facial Recognition Payment Guidelines Amidst Growing Privacy Concerns

Amid growing adoption of facial recognition payments, the Payment & Clearing Association of China has released self-discipline guidelines aimed at

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Embedded Finance Crucial for Future of Fintech

Technology is transforming the banking and financial services industry and this is just the beginning. As the sector moves towards

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How Hong Kong’s Financial Regulator is Doubling Down on Data Science

It’s evident to observers of the space that fintech has been one of Hong Kong Monetary Authority’s priorities in the

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PayPal Expands Further into China with UnionPay Partnership

UnionPay International and PayPal, today announced a global partnership where both companies will work together to accelerate the growth of

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Hong Kong and Thai Regulators Unveils Pilot Results on Central Bank Backed Digital Currency

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced the outcomes of and publish a report

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South East Asia Ranked Most Popular for Mobile Payments for Chinese Tourist

Nielsen and Alipay have jointly released a new report on the latest trends in Chinese outbound tourism and the consumption

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One In Two Hong Kongers Are Open To Try Virtual Banks

One in two Hong Kongers are likely to open an account with a virtual bank with a tenth saying they

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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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Ant Financial to Host Major Fintech Conference in Shanghai

Ant Financial best known for its payments platform Alipay, today announced the launch of the INCLUSION Fintech Conference, an event

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Top 9 Upcoming Fintech Events in Hong Kong in 2020

Despite political unrest, the Hong Kong startup ecosystem has continued to grow with the number of fintech companies based in

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Hong Kong Fintech Week 2020 to Return in November

InvestHK today announced that its fifth annual Hong Kong Fintech Week will take place from November 2 to 6 at

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Western Union to Enable Money Transfers to 150M Du Xiaoman Financial App Users in China

Western Union customers will now be able to have their money transfers to China accounts be paid out in real-time

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Ping An Technology and Intel Sets up Innovation Lab

Ping An’s announced a collaboration between its technology arm Ping An Technology and Intel to establish a joint laboratory where

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A Review of Hong Kong’s Fintech Developments in 2019

Hong Kong, one of the world’s leading international financial centers, has a burgeoning fintech ecosystem with more than 600 companies,

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WeChat’s Mini Programs Exceeded 800 Billion RMB Total Transaction Value

Tencent’s WeChat team today celebrated WeChat Mini Programs’ 3rd Anniversary by revealing that total transaction value generated on Mini Programs

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Hong Kong Institute of Bankers Welcomes 6 Virtual Banks as Its Latest Member

The Hong Kong Insititute of Bankers announced that that six virtual banks in Hong Kong have recently joined the Institute

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Taiwan to Launch Contactless Payment on Airport Metro Line

Taoyuan Metro company will launch contactless payment via bank cards on January 16, 2020 to serve passengers travelling to and

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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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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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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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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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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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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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Regtech in Asia: an Overview

Regtech, or regulatory technology, is perceived as one of the hottest trends in the financial services industry for its potential

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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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Daneel, The Future Of Financial Smart Assistance In The Cryptocurrency Space

Blockchain is an innovative tool capable of permanently transforming our societies as well as the relationships between individuals, organizations and

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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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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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