Fintech News Hong Kong

Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC

Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value

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Airwallex Launches US$200 Million VC Fund to Back Startups in Its Network

Airwallex, a cross border payment company, announced plans to establish a new venture capital fund set up by its founders

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Mox Bank Takes a Slice of the BNPL Pie With Its Latest Offering ‘Split’

Virtual bank Mox has launched a new Buy Now, Pay Later (BNPL) feature on Mox Credit called ‘Split purchase’. Mox

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China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value

Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions

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APAC Wealth Firms Not Keeping Pace With Digital Transformation Are Destined to Fail

Refinitiv released the findings of its Wealth Management report titled “The Gold Standard of Wealth Management: Redefining investor experiences in

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Here are 3 Ways Banks Can Adopt Regtech

Over the last decade, regulatory and compliance requirements have increased for all financial companies. At the same time, countries are

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Fintech as a Catalyst for Hong Kong’s Green Finance Ambitions

In Hong Kong, fintech will play a key role in creating a more environmentally-friendly financial system and help the city

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Digital Insurer Blue Launches WeMedi Top Up to Subsidise Existing Outpatient Plans

Hong Kong’s digital life insurer Blue announced the launch of its WeMedi Top Up (Outpatient) Protector, a top up outpatient

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Cyberport’s Fund Invested a Total of HK$14.87 Million Into Four of Its Startups

Hong Kong digital tech park Cyberport has invested a total of HK$14.87 million (US$1.92 million) in four of the startups

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Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity

Nomu Pay, a Finch Capital funded company, has completed two transactions to acquire Wirecard‘s payment entities in Hong Kong and

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Crypto.com To Develop Exclusive NFTs In Partnership With Formula 1

Formula 1 has announced Crypto.com, a cryptocurrency payment and exchange platform, as the Global and Inaugural Partner for its 2021

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Growing Demand for Regtech Solutions as HK Financial Institutions Navigate Concerns Around Rapid Digitalisation

Technological advances, business innovation, global competition and a major regulatory push have led to a shift in focus by Hong

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LU Hong Kong Launches AI-Backed Robo-Advisor “Lucy” With BNY Mellon

Lufax Holding’s subsidiary LU Hong Kong has partnered with BNY Mellon Investment Management to launch an open robo-advisory platform, offering

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Cloud-Based Regtech Is Gaining Focus In Hong Kong

Hong Kong capital market firms are investing in cloud-based regtech solutions to enhance their risk and compliance management capabilities amidst

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ZA Makes Moves in Digital Asset Market by Signing Deal With Crypto Firm BC Group

ZA International announced that it has entered into a mutual collaboration agreement with BC Technology Group, the parent company of

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Experts Warn of Increased Cyber Risks in The Insurance Sector

The COVID-19 pandemic has sped up digital transformation and accelerated the shift to digital channels, introducing new cyber risks which

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Kakao Pay Seeks to Raise US$1.4 Billion in Upcoming IPO

Kakao Pay, a fintech subsidiary of Kakao which is the South Korean firm that runs the KakaoTalk messenger app, announced

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Using Payment Data to Increase E-Commerce Revenue

If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization

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Digital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport

Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech

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Xiaomi’s Co Founder Steps Down as Chairman at Airstar Bank

Hong Hong virtual bank Airstar Bank announced the appointment of Xiaomi’s Chief Financial Officer Alain Lam Sai Wai as its

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Mox Card Now Allows Users to Flip Between Debit and Credit Spending

Hong Kong virtual bank Mox and Mastercard announced a smart new feature called “Flip” on the all-in-one numberless Mox Card

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InvestHK’s Global Fast Track 2021 Programme Is Now Open for Applications

Invest Hong Kong (InvestHK) announced that the Global Fast Track 2021 programme is now open for applications from fintech scale-ups

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Mox Appoints Former StanChart Exec as Chief Product Officer

One of Hong Kong’s eight virtual banks Mox announced the appointment of Jayant Bhatia as its new Chief Product Officer

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Top 10 Upcoming Fintech Webinars in Hong Kong

The COVID-19 health crisis temporarily halted in-person industry events and conferences, and gave the virtual events industry a hefty boost.

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Livi Bank First in Hong Kong to Roll Out Mastercard’s Tokenised Payments

Hong Kong virtual bank livi announced an expansion of its collaboration with Mastercard as it became the first bank in

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Cyberport Granted HK$6.1 Million for Fintech Scheme, Now Open for New Applications

Hong Kong digital tech park Cyberport has announced that the application stage for the first phase of its Fintech Proof-of-Concept

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WeLab Bank Now Supports Apple Pay for Safe and Secure Transactions

WeLab Bank, a homegrown virtual bank authorised by the Hong Kong Monetary Authority, has integrated the use of Apple Pay

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Hong Kong Banking Giant Hang Seng Bank Ramps Up Innovation Push With Cyberport Alliance

Local banking giant Hang Seng Bank is ramping up its innovation push, teaming up with digital tech park Cyberport to

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Singapore’s GIC Invests US$ 70 Million in Digital Asset Firm BC Group

BC Technology Group, a digital asset and fintech company as well as the parent company of OSL, secured an investment of

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ZA’s New Wealthtech Offering Democratises Retail Access to IPOs

ZA International has announced the launch of a new integrated financial brand ZA One which offers the IPOGo service, enabling

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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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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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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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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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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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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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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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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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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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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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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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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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