Fintech News Hong Kong

Crypto.com Inks Deal With Aston Martin Formula 1 Team

Hong Kong-based cryptocurrency platform Crypto.com announced a global partnership with the Aston Martin Cognizant Formula One™ Team ahead of its

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Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card

livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card. livi

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Platform: The Strongest Foundation for Faster Digital Transformation in Banking

The last year has brought many changes, including the large and rapid shift towards digital which has also seen banks

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APAC’s Fintech Investments Hit a Six-Year Low in 2020

KPMG report found that fintech companies in Asia Pacific attracted USD 11.6 billion across 565 deals from venture capital, private

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Cyberport’s HK$10 Million Fintech Subsidy Scheme Open for Applications

Hong Kong digital tech park Cyberport announced that the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the

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HSBC Invests Over US$3.5 Billion to Grow Its Wealth Business in Asia

HSBC announced plans to invest over US$ 3.5 billion in the next five years to accelerate the growth of its

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Episode Six Announces Additional $30 Million in Funding

Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional

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Facebook Antitrust Case is “Bad Economic Policy” at a Time When Chinese Fintech Dominates the World

The US Federal Trade Commission (FTC) and 47 states are suing Facebook, accusing the social media giant of breaking antitrust

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Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central

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CompareAsiaGroup Rebrands as Hyphen Group

CompareAsiaGroup, a Southeast Asian financial marketplace, announced it has completed its rebranding to Hyphen Group. Hyphen said in a statement

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AQUMON Bags ICBC Asia as Its First Banking Client for the Launch of Its SmartFund

Robo-advisor AQUMON has launched an algorithm-driven fund selector platform, SmartFund, which was first adopted by Industrial and Commercial Bank of

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QTUM Partners Blockpass to Offer Blockchain-Based Regtech Solutions

Blockpass, a regtech platform leveraging the use of blockchain, has announced its partnership with QTUM, an open-sourced public blockchain application

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Hong Kong’s Next Phases of Open Banking Presents Exciting Opportunities

Two years into the implementation of open banking and Hong Kong is now heading into Phase III and Phase IV

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InsureTech Connect Asia Launches Its Digital Distribution & Ecosystems Summit

InsureTech Connect (ITC), one of the largest insurtech gathering, will be presenting the Digital Distribution & Ecosystems: virtual summit on

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KPMG Releases Annual Selection of China’s Top Fintech Companies

Consultancy firm KPMG has released its annual selection of China’s top fintech companies. This year, the China Fintech 50 report

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Intelligently Manage Money with Mobility

Technology has been changing behaviour of people. Many are showing significance reliance on the Internet – mobile network in particular

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South Korea Regulators to Expand Open Banking Ecosystem

South Korea’s Financial Services Commission (FSC) has unveiled its work plan for 2021, outlining key areas of focus and policy

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LINE Bank Set to Launch Virtual Bank Soon to Its 21 Million Users in Taiwan

LINE Bank announced that it has been granted an operational license by Taiwan’s Financial Supervisory Commission to launch a virtual

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Taiwan Furthers Open Banking Ambitions

Taiwan is moving forward with its plan to embrace open banking. The country’s Financial Supervisory Commission (FSC) recently granted approval

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Agile Infrastructure Construction Leads to Successful Digital Transformation

Digital transformation is inevitable for all sectors. Enterprises and organisations have to be visionary on such changes and be ready

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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes

A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have

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2 Fintech Startups Among Top 10 Startups at Alibaba’s Global Pitch Competition

Alibaba Entrepreneurs Fund’s (AEF) JUMPSTARTER 2021 Global Pitch Competition has announced their list of top ten startups where two fintech

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Changing the World With Bank of Things

Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business

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Rakuten Officially the First Digital Bank to Launch in Taiwan

Rakuten International Commercial Bank (RICB) announced that it has officially launched operations making it the first digital bank in Taiwan.

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ConsenSys Partners China’s State-Backed Blockchain Network

ConsenSys, a global blockchain software company, announced a partnership with the Blockchain-based Service Network (BSN), China’s national blockchain infrastructure, to make

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HKMA Urges Financial Institutions to Leverage New Digital Identity Platform iAM Smart

Hong Kong’s Office of the Government Chief Information Officer (OGCIO) has launched iAM Smart which provides all Hong Kong residents

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ZA Bank First Virtual Bank Granted License to Be a Fully Digital Insurer

ZA Bank has been granted an Insurance Agency License from the Hong Kong Insurance Authority (IA), allowing it to act

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HKSTP Launches Accelerator to Drive Banking Innovation

Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the Banking, Financial Services and Insurance Accelerator 2021 (BFSI Accelerator).

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WeLab Bank Appoints Tat Lee as New Chief Executive

WeLab Bank, a virtual bank licensed by Hong Kong Monetary Authority, announces that Tat Lee has been appointed as the

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Cyberport & R3 Identify Potential Blockchain Projects in Block adVenture

Hong Kong digital tech park Cyberport has partnered with R3, a distributed ledger and blockchain software development company, for its

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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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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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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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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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Wolters Kluwer Bags ZA Bank as a Customer for Its Regtech Solutions

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory

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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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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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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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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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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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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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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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