Fintech News Hong Kong

Metaverse Frenzy Spreads to Asia

The metaverse frenzy is sweeping across Asia, attracting interest from tech giants, electronics manufacturers and investors. At CES 2022, an

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The Bank Branch of the Future: Consumers Prefer Hybrid Experiences

Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks

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Wallyt Partners Asia United Bank to Accept Mastercard’s QR Code in the Philippines

Wallyt, a Hong Kong-based digital payment and open banking solutions provider, has partnered with the Philippines’ Asia United Bank (AUB)

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Hong Kong Fintech Report 2022: HK’s Fintech 2025 Strategy Begins to Take Shape

Hong Kong continues to pursue its fintech ambitions, accelerating efforts related to regtech and central bank digital currency (CBDC). Meanwhile,

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Over 300 Fintech Firms Worldwide Scaled in Hong Kong Thanks to Global Fast Track 2021

Over 300 fintech companies from 49 global economies have received support from Global Fast Track 2021, a business-driven programme at

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Fintech in Hong Kong: 2021 in Review

Home to more than 470 fintech companies, Hong Kong is one of the most dynamic fintech hubs in the world.

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To Build or to Buy, the Defining Payments Decision Merchants Must Confront

Asia-Pacific is propelling the retail industry, generating about three-quarters of global growth. By 2025, Asia Pacific’s e-commerce sales are expected

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South Korean Payments Firm CHAI Pockets US$45 Million in Series B+ Fundraise

South Korean payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures

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Asian Financial Forum Poised to Return This January With Sustainability Theme

The Asian Financial Forum (AFF) is an annual signature event held in Hong Kong every January to promote collaboration in

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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction

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Venture Accelerator Firm Brinc Closes US$30 Million Series B Led by Animoca Brands

Hong Kong-based venture accelerator firm Brinc announced the closing of its US$30 million Series B fundraise led by Hong Kong

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Is Payment Friction Challenging Your Business Growth Ambitions?

Digital payments transaction value is growing exponentially and is expected to climb to US$5.6 trillion in Asia by 2025. For

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A Conversation With Victoria Huang, Marketing Campaign Manager at OPSWAT

OPSWAT is a global leader in IT, OT and ICS critical infrastructure cybersecurity solutions and Deep Content Disarm and Reconstruction

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15 Startups From Cyberport’s Community Bag Awards From Deloitte Hong Kong

Hong Kong digital tech park Cyberport announced that fifteen of its members have received awards as part of the biennial

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BOCG Insurance Picks Milliman and CoverGo to Revamp Its Motor Insurance Offerings

Bank of China Group Insurance (BOCG Insurance) announced that it has joined forces with international actuarial and consulting firm Milliman

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Hong Kong’s Open API Ambitions Expands to the Insurance Sector

The Insurance Authority (IA), Hong Kong’s insurance regulator, is exploring the development of an open application programming interface (API) framework

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Rapyd Inks Deal to Acquire Hong Kong-Based Neat

Global Fintech-as-a-Service platform Rapyd announced that it has agreed to acquire Hong Kong-based Neat, a cross-border trade enabling platform for

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The Next Frontiers of AI and Machine Learning in Data

With data becoming a core business asset for financial companies, artificial intelligence and machine learning (AI/ML) continues to be a

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Tech Investment Platform AngelHub Raises US$3 Million

AngelHub, an SFC-regulated tech investment platform and sister-company of WHub, announced that it has secures US$ 3 million from Animoca

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WeLab Plans to Launch Second Digital Bank With Acquisition of Bank Jasa Jakarta

Virtual bank WeLab announced the acquisition of PT Bank Jasa Jakarta (BJJ), a commercial bank in Indonesia, with plans to

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Hong Kong’s Virtual Banks Set to Amass Over 44,000 SME Customers by 2025

By 2025, Hong Kong’s virtual banks are expected to amass 44,182 small and medium-sized enterprise (SME) customers, a client base

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Virtual Bank Mox Marks 200,000 Customers Milestone

Hong Kong’s virtual bank Mox announced that now has 200,000 customers, doubling its customer base since May. As one of

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Card-Not-Present Fraud Escalates Amid Sudden Surge in Online Shopping

The sudden surge in e-commerce activities has brought with it a rapid rise of card-not-present (CNP) fraud, costing e-commerce merchants

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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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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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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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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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