Fintech News Hong Kong

SEBA Bank Partners With HashKey to Strengthen Its Presence in Hong Kong

HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has signed a partnership with Swiss crypto bank

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Airwallex Ties up With Agoda to Ease Travel Planning for Hong Kong SMEs

Cross border payments firm Airwallex has partnered with global digital travel platform Agoda to make travel planning easier for Hong

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ZA Bank Pilots Sandbox for Express Online Account Opening for SMEs

Hong Kong’s virtual bank ZA announced that it has launched its sandbox trial of ZA Dash, an express online business

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The Dark Side of the Internet: Online Fraud and Scams in Hong Kong

In recent years, Hong Kong has become a hotbed for online scams and crime, with many citizens falling for new

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Binance Bags First License in East Asia Through Acquisition of Japan’s Sakura

Cryptocurrency exchange Binance announced it has acquired 100% of Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange service provider. Terms

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Swiss Crypto Bank SEBA Expands Its Footprint to Hong Kong

Switzerland’s crypto bank SEBA announced that it has officially opened its Hong Kong office and appointed Ludovic Shum as Managing

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Hong Kong Officially Launches Its Credit Reference Platform

Hong Kong’s Credit Reference Platform (CRP) has completed system testing and officially commenced operation on 28th November 2022. CRP’s launch

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Fusion Bank Secures License From SFC to Expand Into Wealth Management

Fusion Bank announced that it has been granted licensing from the Hong Kong Securities and Futures Commission (SFC) to offer

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LINE’s Crypto Exchange BITFRONT Shutters Operations, to Suspend Trading End of 2022

Japanese social-media company LINE will shut down its US-based crypto exchange BITFRONT claiming that its decision has nothing to do

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Hex Trust Gets MVP License to Offer Virtual Asset Custodial Services in Dubai

Hex Trust, a digital asset custodian licensed in Hong Kong and Singapore, has received a Minimum Viable Product (MVP) license

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Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub

Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as

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ZA Bank Partners Wise to Enable Hongkongers to Make Remittances to 14 Currencies

Virtual bank ZA has partnered with online money transfer service Wise to offer low-cost and quick international money transfers to

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Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users

Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global

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China To Dominate The Insurtech Industry: New Report Shows

A new report estimated that China’s insurtech market would grow 36.88 percent CAGR between 2022 and 2031 to reach 34.05

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Here’s How Okta Helped Singlife with Aviva Deliver a Seamless Login Experience

Singlife with Aviva was formed through the merger of Singlife and Aviva Singapore, bringing together one of the world’s oldest

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Hong Kong Fintech Week 2022 Draws Millions of Views

Hong Kong FinTech Week (HKFW) 2022 concluded on November 4, wrapping up a landmark five-day event for Hong Kong fintech

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HashKey Group Granted Full Licences to Operate Virtual Asset Trading Platform in Hong Kong

Hash Blockchain Limited (HBL) has received approval from the Securities and Futures Commission of Hong Kong (SFC) to operate a

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3 Ways Machine Learning Can Enhance Your Lending Process

A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the

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BIS, Central Banks Complete Large Scale Cross-Border CBDC Pilot

Project mBridge, a collaboration between four central banks and the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre,

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Airwallex Supports Lithuanian Payment Processor to Send Money to 149 Countries

Lithuanian payment processor Paysera has partnered with payments infrastructure platform Airwallex to enable its clients to send money to 149

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AlipayHK Launches BNPL Payment Option With Ant Bank PayLater

Ant Bank and AlipayHK have announced the launch of Ant Bank PayLater on AlipayHK’s e-wallet ahead of the Double 11

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Hyphen Group Raises US$20M Funding Round Led by PCCW

The Hyphen Group, formerly known as CompareAsiaGroup, announced that it has closed a new US$20 million investment round led by

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92% of Hong Kong and Singapore’s Rich Elites Are Interested in Digital Assets

Family offices and high-net worth individuals (HNWIs) in Hong Kong and Singapore are embracing digital assets, attracted by the prospect

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Five Takeaways Banks Need to Consider for Their Trade Finance Platforms

Asia Pacific accounts for 55% of the global trade finance’s volume. As the region’s trade grows, so does the financing

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Salary is the Top Issue Exacerbating Hong Kong’s Fintech Talent Gap

The HKU-SCF Fintech Academy, Cyberport and Hong Kong Productivity Council have published a Fintech Talent Study Report which found an

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ZA International to Tokenise Its Loyalty Programme

Digital insurer ZA International has unveiled plans to tokenise its ZA Coin loyalty programme to create more applications for the

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2022 Cyberport Venture Capital Forum Facilitated Over 300 Fundraising Matches

Cyberport’s premier annual venture capital event, the Cyberport Venture Capital Forum (Forum) was successfully concluded on 28 October 2022. The

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Hong Kong Fintech Week 2022 Key Highlights and Announcements

The 2022 Hong Kong Fintech Week is being held this week, bringing together tens of thousands of industry leaders, policymakers

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BaseBit Technologies Named Pitch Winner at the Global Fast Track HK 2022

BaseBit Technologies bested nine other finalists to win the Global Fast Track HK pitching competition this year. The announcement was

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HKEX Launches New International Carbon Marketplace

The Stock Exchange of Hong Kong (HKEX) has launched Core Climate, a new international carbon marketplace that seeks to facilitate

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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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