Fintech News Hong Kong

Hang Seng’s Virtual Assistant H A R O is Now Available on WhatsApp

Hang Seng announced that its retail banking virtual assistant H A RO has just been made available on the instant

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HKMA Unveils Industry Plan to Help Hong Kong’s Economy Overcome COVID-19 Outbreak

The Hong Kong Monetary Authority (HKMA) together with the major banks and HKMC Insurance Limited (HKMCI) met representatives from the

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Former UBS APAC CEO Joins Digital Asset Firm Diginex

Diginex, a digital asset financial services and advisory company, has hired financial services stalwart Mr. Chi-Won Yoon as Chairman of

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Xiaomi and AMTD’s Airstar Bank Launches Pilot Trial of Virtual Banking Service

Airstar one of Hong Kong’s new virtual banks, today announced the launch of a pilot trial which is conducted within

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ZA Bank Becomes First Virtual Bank to Fully Launch in Hong Kong

ZA Bank announced today that they are now a fully operational virtual bank with the launch of their ZA Go

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Manulife Rolls Out Digital Health Tool in Asia with Swiss-Based dacadoo

Manulife is announcing its collaboration with dacadoo, a Swiss-based global digital health platform provider to enhance the company’s digital offerings

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Wirecard Enables European Merchants to Integrate with WeChat Minutes

Wirecard, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular

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UnionPay Launches Mobile Wallet in Pakistan Through Huawei Pay

UnionPay International announces today that it has rolled out the mobile payment product of Huawei Pay in Pakistan in partnership

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TransferWise Partners with Alipay for Instant Online International Money Transfers

 TransferWise, today announced a partnership with Alipay, to provide its users with fast, affordable and convenient international money transfers to

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model.

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Standard Chartered’s Virtual Bank MOX Picks UK-Based Paymentology as Payment Processor

Shortly after Standard Chartered, PCCW, HKT and Trip.com unveiled its virtual bank MOX yesterday, UK-based Paymentology has come out to

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Accenture: Incumbent Banks Are at Risk of Losing Billions to New Competitors

Incumbent banks are at risk of losing billions of dollars in retail revenues in the next three to five years,

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Alipay Announces Three-Year Plan to Take On WeChat’s Mini Programs

Alipay, a leading mobile payment platform operated by Ant Financial Services Group, today announced a three-year plan to further open

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Standard Chartered Bank Unveils its Virtual Bank MOX

Mox Bank Limited (“Mox”) unveiled today its brand name, brand identity and website. Mox is the new virtual bank in

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Ant Financial Invests in Klarna to Introduce Pay Later Solutions to Alibaba’s Ecosystem

Klarna a Sweden-based fintech that provides pay later solutions announced that Ant Financial has taken a minority stake in it.

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China’s UnionPay QR Now Inoperable with Japan’s Universal Payment QR

UnionPay announced that it has become the first international payment brand to be included in Japan’s universal payment QR standard

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OneConnect Selected as Tech Partner by Singapore Digital Banking Consortium BEYOND

Ping An’s OneConnect has been selected as a strategic partner by Singapore based digital banking consortium BEYOND to jointly develop

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Chinese Fintech Attracted Investments of Over US$ 900 Million in 2H 2019

Fintech companies in China attracted USD 962.2 million in investments from venture capital, private equity and M&A in 2H 2019,

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24 Fintech Unicorns Were Born in 2019

In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the

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CoolBitX Raises $16.75M In Series B Funding Led By SBI Holdings

CoolBitX, has successfully secured $16.75 million in a Series B funding round. According to their statement, the funding will help

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Digital Assets Firm FinFabrik to Integrate Chekk’s KYC Solution

FinFabrik signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling

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Zinvest Financial Joins the Zero-Commission Crusade

Zinvest Financial (“Zinvest”), a SEC-registered investment adviser that offers advisory & trading resources to US-Asia investors, today announced its official

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A Mask Inventory System on Blockchain is Being Deployed to Fight Coronavirus in Taiwan

Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of

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HK-Based Fintech Awarded “Most Innovative” in Alibaba’s Global Pitch Competition

The Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition Grand Finale today announced the top five winners at the close

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Mastercard’s Entry into China Paints of Picture of China’s Market Liberalisation

Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing

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Easy Euro Raises US$ 4 Million to Provide Digital Banking Services to SMEs

EasyEuro a fintech startup that describes itself as a Paris and Shenzhen based company offering digital banking services to SME trading

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3 Ways China’s Bigtechs are Helping to Tackle the Coronavirus Crisis

In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant

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ZA Bank Picks Fiserv to Power its Cards Payments

Fiserv, a global tech vendor for financial services and ZA Bank the first virtual bank to soft launch in Hong Kong

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HK-Based Crypto Startup Bitspark to Close its Doors Soon

In a blog post written by its founder George Harrap, Bitspark announced that it will be shutting down as of

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WorldRemit Announces Global Remittance Partnership With Alipay

WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to

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Fintech Top Articles

Meet Hong Kong’s 8 New Virtual Banks

Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking license recipients, in three separate announcements

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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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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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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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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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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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HKMA Explores Suptech, The Overlooked Missing Piece of The Smart Banking Picture

It is often said that fintech is one of the most regulated tech sectors in the world, and for good

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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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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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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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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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SWIFT Responds to Bitspark’s Accusations That It Is Slowing Innovation

In his recently published e-book, George Harrap co-founder of Hong Kong based blockchain remittance startup Bitspark, pointed fingers at SWIFT

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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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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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Regtech in Asia: an Overview

Regtech, or regulatory technology, is perceived as one of the hottest trends in the financial services industry for its potential

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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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Skype Co-Founder’s Lending Startup Raises US$105 Mil

Oriente, the Hong Kong-based financial services and technology company announced today that it had completed a US$ 105 million initial

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PayPal Becomes First Foreign Payments Firm to Enter China Through Acquisition of GoPay

American online money transfer firm PayPal recently secured approval from the People’s Bank of China to purchase a stake in

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Avo Becomes The First Virtual General Insurer in Hong Kong

Hong Kong’s Insurance Authority announced on Tuesday that it has granted the first authorization for virtual general insurance under Fast

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The Case for Robo-Advisory and Digital Wealth

An April 2017 Burnmark report rexplored the tie-up between digital wealth and robo-advisory within the FinTech industry. With retail investors

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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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