Fintech News Hong Kong

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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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

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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

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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

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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

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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

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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

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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

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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,

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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:

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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17 South-Korean Fintech Startups Graduates F10’s Accelerator Programme

In the virtual Demo Day held on September 2nd 2021, 17 teams from South Korea have successfully completed F10’s intensive

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Huawei Eyes APAC Fintech, E-Commerce Startups with New US$100M Commitment

Over the next three years, Huawei will be committing US$100 million into its Spark program in Asia Pacific (APAC), a

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ADDX Secures US$200 Million Allocation From China’s Offshore Investment Scheme

ADDX, a Singaporean digital securities exchange formerly known as iSTOX, expects to enlarge its business in China after with a

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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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