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Fintech News Hong Kong

Funding InsurTech

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

Events

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

Wealthtech

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

Payments

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.

Blockchain/Bitcoin Trade Finance

PBOC’s Fintech Institute Taps Contour’s Blockchain Platform for Trade Digitisation

Singapore based digital trade finance network Contour has partnered with the Shenzhen Fintech Institute, a subsidiary of The People’s Bank

Blockchain/Bitcoin

Crypto Exchange Coinbase Plans to Roll Out NFT Marketplace

Cryptocurrency exchange Coinbase announced the launch of “Coinbase NFT”, a peer-to-peer marketplace for the minting, purchasing, showcasing, and discovering non-fungible

Innovation Sponsored Post

Next Gen Finance Professionals Need to Embrace Major Upskilling to Keep Pace

Refinitiv’s new report “Workspace Without Limits” explores the data challenges financial professionals are facing, and the role that technology, interoperability

Hong Kong Lending

Hong Kong Consumer Credit Market Improves Amid Rising Consumption, Economic Rebound

Hong Kong’s consumer credit market improved in Q2 2021 as the local economy continued to rebound from the impact of

Various

Hong Kong 2025 Fintech Strategy Outlines Plans for a Fintech-Savvy Workforce

Hong Kong boasts of a thriving fintech scene with a dynamic environment that can help fintech start-ups to scale up

Security Sponsored Post

4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This

Blockchain/Bitcoin

Hong Kong’s Digital Asset Custodian Hex Trust Raises US$10 Million

Hong Kong-based digital asset custody service provider Hex Trust has raised US$10 million in an investment round led by Animoca

Digital Transformation

How the Hong Kong Commercial Data Interchange Will Benefit SMEs

Recently the Hong Kong Monetary Authority laid out its new plan to boost the development of Hong Kong’s fintech sector,

Blockchain/Bitcoin

Hong Kong Takes it First Step in Retail Central Bank Digital Currencies with e-HKD

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on retail central bank digital currency (CBDC), titled “e-HKD:

Events Sponsored Post

Top 10 Reasons to Attend Hong Kong Fintech Week 2021

In its sixth edition, Hong Kong Fintech Week will completely reinvent your previous event experience by combining a physical conference

Blockchain/Bitcoin

Thailand, HK CBDC Prototype Reveals Cross Border Payments Can Be Done in Seconds

The Hong Kong Monetary Authority (HKMA), Bank of Thailand, BIS Innovation Hub Hong Kong Center (BISIH), People’s Bank of China

Virtual Banking

Barbaros Uygun to Replace Deniz Güven as CEO of Mox

The Board of Mox Bank Limited (“Mox”) announced the appointment of Barbaros Uygun as the CEO of Mox and Executive

Blockchain/Bitcoin

Crypto.com Expands Insurance Coverage to US$750 Million for Its 10 Million Users

Hong Kong-based cryptocurrency platform Crypto.com announced that it has expanded its total insurance coverage to US$750 million, including both direct

China

ByteDance’s Fintech Ambitions in Tatters Amid China Clampdown on Bigtechs

TikTok’s owner ByteDance said on September 01, 2021 that it plans to scale back its fintech business and sell its

Remittance

Airwallex Now Valued at US$4 Billion With Latest US$200 Million Series E

Cross border payments firm Airwallex announced it has raised US$200 million in an oversubscribed Series E financing round, increasing the

Regtech Sponsored Post

Future-Proofing Against Compliance and Risk When Expanding Globally

Globalization Partners, a US-based compliant and automated global employment platform, found that companies that grow internationally without prioritising compliance are

Regtech

TransUnion Acquires Neustar for US$3.1 Billion to Enhance Digital Identity Capabilities

American consumer credit reporting agency TransUnion has signed a US3.1 billion deal to acquire Neustar, an identity resolution company, from

Wealthtech

ZA Rolls Out Fund Service for Retail Investors in Push for Wealth Democratisation

ZA One, an integrated financial services platform under ZA International, has rolled out a fund service for individual investors in

Lending Virtual Banking

Mox Bank Rolls Out Instant Loans Offering

Hong Kong’s virtual bank Mox announced the roll out of its ‘Instant Loan’ offering a year after the launch of

Blockchain/Bitcoin

What Is The Metaverse and Why is the Financial Sector Embracing It

The metaverse, a combination of “meta”, meaning beyond, and “universe”, has rapidly emerged as a major trend for companies around

Wealthtech

China Kicks off Multibillion Dollar Investment Link With Hong Kong and Macau

China has officially launched the Wealth Management Connect (WMC) with Hong Kong and Macau to carry out cross-boundary investment in wealth

China

China Enters a New Age of Fintech

After a period of rapid growth and innovation, the Chinese Internet sector is entering a new phase of development on

Security Sponsored Post

Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in

Japan Lending

PayPal Makes Japanese BNPL Play With Paidy Acquisition for US$2.7 Billion

PayPal announced that it has agreed to acquire Paidy, a Japanese buy now pay later solutions (BNPL), for ¥300 billion

Hong Kong Virtual Banking

Hong Kong’s Digital Banks Will Operate at a Loss for at Least the Next 2 Years

Despite advantages including cheaper operational costs and backing from tech firms with deep pockets, Hong Kong’s digital banks will face

Events

RISE Conference Will Return to Hong Kong in 2022!

Web Summit, the company behind RISE, announced that the tech event will be returning to Hong Kong on 14th to

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34 Out 100 of The World’s Top Fintech Companies Are From Asia

34 companies from Asia have been named among this year’s top 100 global fintech innovators, according to H2 Ventures and

Top Fintech and Blockchain Books

Fintech Accelerators and Incubators in Taiwan, Japan and South Korea

Top Wealthtech Startups in East Asia

Standard Chartered’s MOX Open’s its Virtual Banking Service to Select Customers

Top 9 Up and Coming Fintech Startups in South Korea to Watch in 2020

Virtual Banking

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

Crowdfunding Lending

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

Crowdfunding

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

Online Wealth Mgt

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

Online Wealth Mgt

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

Personal Finance

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

Online Wealth Mgt Wealthtech

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

Various

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

Personal Finance

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

Crowdfunding Lending

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

Crowdfunding

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

Online Wealth Mgt

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

China Personal Finance

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.

Japan Personal Finance Wealthtech

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

China Lending Online Wealth Mgt

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

Crowdfunding

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

China Lending

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

Korea Lending

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

Fintech News Hong Kong

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