Fintech News Hong Kong

livi Bank Rolls Out In-App Travel Insurance Offering

Hong Kong’s digital bank livi bank announced the launch of its travel insurance offering, first general insurance product, in time

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BIS: World’s First CBDC Pilot With Four Countries Is Completed

The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s

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Four Asian E-wallets Expand to South Korea Through Alipay+

Ant Group announced that Alipay+ will be integrated into Asian e-wallets AlipayHK, the Philippines’ GCash, Malaysia’s Touch ‘n Go, and Thailand’s

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Tokyo and New York Bourses Sign Agreement to Support Cross-Border Investment

Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) announced a new agreement to support cross-border investment between

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Animoca Brands Raises US$38M From True Global Ventures, Appoints New CFO

True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) has invested US$38 million in Animoca

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WeLab and Astra Finalises 99% Stake Acquisition in Indonesia’s Bank Jasa Jakarta

Hong Kong digital bank WeLab and Indonesian conglomerate Astra International have completed their acquisition of commercial bank Bank Jasa Jakarta

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BIS, HKMA to Explore Use of DeFi Tools to Improve SME Financing

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will look into the use of

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Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech

Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial

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Top 10 Investors Supporting Hong Kong’s Fintech Scene in 2022

With a strong capital pool and supportive government-led policies, Hong Kong has offered a solid foundation for companies to innovate,

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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users

The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service

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HashKey Capital Limited Gets SFC Approval to Manage 100% Virtual Asset Portfolio

HashKey Group’s crypto fund HashKey Capital Limited has been granted an uplift of its Type 9 asset management license by

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Ant Insurance Launches China’s First Digital Operation Platform for Insurance Companies

Ant Group‘s online insurance agency platform Ant Insurance has launched digital operation platform Xingyun (translated as nebula) for insurance companies

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Hex Trust Adds Fintech Veteran Henri Arslanian to Its Advisory Board

Hex Trust, a digital asset custodian which is fully licensed in Hong Kong and Singapore, announced that Henri Arslanian has

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How Indonesia’s BNPL Giant Leverages Data Science to Drive Innovation

Data science and machine learning are some of the most complex yet important business concepts today. And many companies, irrespective

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Chubb Life Hong Kong Names Belinda Au as President

Chubb, a global provider of insurance products, announced that Belinda Au has been appointed President of Chubb Life Hong Kong,

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Talent and Funding Identified as Most Pressing Issues for HK Fintech Companies

In Hong Kong, skills shortages and challenges in securing investment have been identified as the top two most pressing issues

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Airwallex Pledges Additional HK$2.25 Million to Support Hong Kong SMEs

Cross border payments firm Airwallex announced plans to provide further support for the city’s Small and Medium Enterprises (SMEs) and

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Animoca Brands Japan Raises US$45 Million From Parent Firm and MUFG

Animoca Brands’ Japanese subsidiary announced that it has raised a total of US$45 million to increase the value and utility

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StanChart Joins Chekk’s Multi-Million Dollar Funding Round

Standard Chartered’s innovation, fintech investment and ventures arm SC Ventures announced that it has invested funds in Chekk, a Hong

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DBS Hong Kong Rolls Out Its One-Stop Digital Sustainability Platform “LiveBetter”

DBS Bank Hong Kong has introduced LiveBetter, a one-stop digital sustainability platform in its digibank app that encourages customers to

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18 Fintechs Make APAC’s Top 100 Fastest Growing Tech Startups Ranking

A ranking of Asia Pacific (APAC)’s top 100 fastest growing technology startups has named 18 fintech companies among the region’s

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ZA Bank Rolls Out Investment Fund Service

Hong Kong’s virtual bank ZA has officially launched its investment fund service where customers can build their fund portfolios based on

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InvestHK and HKMA Launches a CBDC-Focused Vertical at the Global Fast Track 2022

Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital

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Rise of Super-Apps Puts Pressure on Incumbents

In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy

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Temasek-Backed ShopBack Gears up for Hong Kong Launch

ShopBack, a Temasek-backed shopping and rewards platform, announced that it will be expanding its footprint to Hong Kong with a

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4 Ways Alternative Data Is Improving Fintech Companies in APAC

Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging

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OSL’s Private STO Saw Participation from Animoca Brands

OSL Digital Securities Limited (OSL) announced it that it became the first Type 1 SFC-licensed digital asset broker to distribute

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Airwallex Online Payments App Launches on E-commerce Platform Shopify

Cross border payments firm Airwallex announced the launch of its Airwallex Online Payments App on e-commerce platform Shopify. The Airwallex

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Payment Managers Are Redefining Their Strategic Priorities for 2022

It is evident that digital acceleration is creating a new payments paradigm as corporate non-cash payments are forecasted to reach

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HKMA, Bloomberg Launch Greater Bay Fintech Talent Initiative Supported by Major Banks

The Hong Kong Monetary Authority (HKMA), Bloomberg and the Hong Kong United Youth Association (HKUY) have partnered to launch the

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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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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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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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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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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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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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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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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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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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