easyMarkets introduces cash indices as a new trading instrument which will offer clients more diverse trading options. Cash indices are the latest addition to easyMarkets’s already diverse offering of trading instruments. With this latest addition, the company now offers access to some of the most in-demand cash indices in the world such as the Nasdaq 100 Cash Index (NQC), the SP 500 Cash Index (SPC), the Dow Jones Cash Index (DJC), the UK 100 Cash Index (UKC), the Euro 50 Cash Index (EUC), the Australia 200 Cash Index (AUC), and many more. easyMarkets’ Cash Indices are also known as cash…
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Statrys, a Hong Kong-based fintech providing virtual business accounts for SMEs, has been recognised together with DBS Bank as the ‘Best Payments and Collections Solution Hong Kong’ at The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 2022. This is a testament to Statrys’ ongoing efforts to provide SMEs with the best payment solutions. In partnership with DBS, Statrys offers its comprehensive digital solutions for domestic and international payments’ processing to enhance small businesses’ cross-border payment experience. Statrys’ founder, Bertrand Theaud, credits the company’s focus on innovation, a robust partner ecosystem, and a customer-first approach for…
South Florida Motorsports (SFM) announced the HK based Crypto.com as the official title partner of the Formula 1 Miami Grand Prix. This prestigious new deal will see Crypto.com become an integral part of the newest Formula 1 event on the calendar, with its brand incorporated into the official event title and logo, in addition to exposure across the Miami International Autodrome. The long-term deal between the Formula 1 Miami Grand Prix and Crypto.com is the first commercial partnership to be announced in the build-up to the inaugural event that will take place on the new 5.41km circuit in Miami Gardens.…
China Securities Credit Investment a national comprehensive credit service organization, together with its subsidiaries that focus on overseas strategy and business development – China Securities Credit Technology and Pengyuan Credit Rating (Hong Kong) made its debut again at the global renown fintech event -2020 Hong Kong Fintech Week, presenting online fintech studio regarding overseas funds entry into Chinese bond markets. A series of innovative solutions such as DMI bond quotation and information services from China Securities Credit Technology and credit rating services from Pengyuan International were also released. Committed to providing full credit value chain services driven by technology In…
Invest Hong Kong today revealed details about Hong Kong FinTech Week 2020, which will take place virtually from November 2 to 6. The Week highlights a golden opportunity to humanise fintech to reignite growth, build trust and financially empower society and business in the post-COVID-19 era. A global reset will put people first in the policy-setting agenda worldwide, with Asia emerging as the engine for global recovery. Themed “Humanising FinTech”, the week-long event will explore how fintech can unlock the power of financial services to drive positive impacts for society and business. Hong Kong FinTech Week 2020, co-organised by InvestHK,…
Hong Kong Science and Technology Parks Corporation (HKSTP) has teamed up with HSBC today to drive open banking innovation for start-ups and technology ventures. HSBC will be the lead partner in the API EcoBooster (Programme) to mentor and co-create API solutions in the areas of loan services, transactions and operation, credit card, digital payments and customer records management for the commercial and retail banking industries. In addition, the Programme will be supported by beNovelty as technology partner to provide technical clinics and arrange sandboxes with more than 100 banking APIs and mock data on its API integration platform for innovators…
Avaloq, the Swiss-based provider of digital banking solutions, core banking software and wealth management technology, has appointed Pascal Wengi as Head of Sales for the Greater China region. He will be based in Hong Kong. Pascal Wengi joins from Crealogix, the Swiss fintech, where he was most recently Managing Director for the Asia-Pacific region, based in Singapore. Prior to that, he held project management and business development positions at Crealogix and Ruf Information Services in Zurich and Taipei, respectively. In his new role at Avaloq, Pascal Wengi is responsible for building, maintaining and expanding relationships with private banks and wealth…
Lufax Holding’s subsidiary LUI HK announced today that Hong Kong Securities and Futures Commission (SFC) has granted the company regulatory approval to provide investment and wealth management services for all customers in Hong Kong. They expect their app to go live in August. Hong Kong ranks top among international financial markets for its sophisticated regulatory framework, open markets and diverse financial products. Hong Kong is also an important global asset allocation center and a personal wealth management center. According to regulatory requirements in Hong Kong, financial institutions that provide wealth and asset management services must have Type 1, Type 4…
Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in local and international activities to build connections, explore markets, seek partners and enhance brand awareness. In response to the COVID-19 outbreak, the Pitching Final was livestreamed online with a live polling of the “My Favourite Start-up Award”, which was awarded to MICology. Stephen Liang, Assistant Executive Director of HKTDC said: “Start-ups have been affected by the economic downturn like much…
Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation announced that Niche Global, a rising intech player, has selected Volante’s cloud-based SEPA instant Payments as a Service solution to accelerate its expansion into the European payments market. Niche Global is a Hong Kong-based fintech innovator providing instant remittance and debit card solutions in Asia that simplify the complexity of payments for consumers and businesses. By offering SEPA instant payments to their customers, the organisation plans to increase the reach of their digital wallet and omnichannel payment services in Europe. Niche Global selected Volante’s SEPA Instant Payments as…
HPDLendScape, a leading secured lending platform vendor, announced a new supply chain finance (SCF) solution. The new enhanced solution will make it simpler and faster for lenders to onboard and support buyers and suppliers, giving Asian businesses more streamlined access to much needed working capital during the COVID-19 pandemic. Bringing together buyers, suppliers and banks that fund the process onto one platform, HPDLendScape’s SCF solution helps all parties simplify their operations and mitigate risk more effectively. Suppliers can interact with both buyers and funders in real time and increase visibility of accounts receivables, while buyers can create bespoke processes tailored…
Wirecard, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and check out via WeChat Pay. This solution is ideal for European merchants seeking to enter the competitive and growing Chinese e-commerce marketplace. The end-to-end offering also includes logistics and customs support, thanks to SwissPost, as well as consulting and training, so that merchants can get up and running as quickly and effectively as…
Taiwan’s concern in response to the 2019-nCoV Coronavirus outbreak has forced its local authorities to strictly ration the distribution of surgical masks and alleviate manpower shortages in repackaging bulk supplies through the help of volunteers. To facilitate this daunting logistical process, authorities created two open projects in a collaboration with the private sector, involving the likes of SaaS-blockchain enterprise FiO. With only 4 million surgical masks stockpiled for a population of 23 million, Taiwan’s Central Epidemic Command Center (CECC) has implemented a strict rationing system, allocating a mere 2.6 million masks for residents. To receive a maximum of two masks…
WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app. The international money transfer service to the Alipay app is now available from over 40 countries. “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief Commercial Officer, WorldRemit. “The partnership will focus on innovation, customer experience and speed to market.” In many markets around the world, the vast majority of remittances are still being sent ‘offline’. Money is taken to,…
UnionPay International and PayPal, today announced a global partnership where both companies will work together to accelerate the growth of their networks. As part of the agreement, PayPal has committed to supporting UnionPay’s acceptance globally where PayPal is accepted – giving UnionPay cardholders more choice when shopping As part of the agreement, PayPal and UPI have also committed to collaborating to better serve joint customers and merchants to grow digital payments in China and globally. This will include the opportunity for PayPal customers from around the world to use PayPal at the merchants where UnionPay is accepted. This news comes…
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced the outcomes and published a joint report on Project Inthanon-LionRock. The two authorities initiated Project Inthanon-LionRock to study the application of CBDC to cross-border payments. A THB-HKD cross-border corridor network prototype was developed, allowing participating banks in Hong Kong and Thailand to conduct funds transfers and foreign exchange transactions on a peer-to-peer basis, which helps reduce settlement layers. Leveraging on smart contracts, the cross-border funds transfer process is enhanced to a real-time and atomic payment-versus-payment (PvP) manner. Project Inthanon-LionRock was completed in December 2019 and a distributed…
The Hong Kong Insititute of Bankers announced that that six virtual banks in Hong Kong have recently joined the Institute as Corporate Members: Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited, Ping An OneConnect Bank (Hong Kong) Limited, SC Digital Solutions Limited as well as WeLab Bank Limited. “The HKIB is thrilled to welcome six of the city’s virtual banks as Corporate Members. Launching virtual banks has marked a new era in the development of Hong Kong’s banking sector and underlines that professional training must advance to keep pace. The HKIB now boasts a member base with 103 Corporate…
Taoyuan Metro company will launch contactless payment via bank cards on January 16, 2020 to serve passengers travelling to and from the capital city of Taipei and Taoyuan International Airport. The tap-and-go service will open to holders of VISA, Mastercard, Union Pay and JCB cards and mobile devices with NFC (Near Field Communication) functions such as Google Pay, Apple Pay and Samsung Pay. The latest system of metro transportation convenience was announced last week by Taoyuan Metro at a press conference – “Smart Taoyuan Metro — smart cards lead you forward to the world”. Taoyuan City Mayor Cheng Wen-tsan said…
Soon you’ll only need your mobile phone to withdraw from one of Hang Seng Bank’s 600 ATM machines in Hong Kong. Hang Seng will be launching its mobile cash withdrawal service powered by NFC and QR codes some time this month. Customers can choose to use the ATM’s QR code or NFC connection to make withdrawals, which will be included in the HK$10,000 daily limit for small-value transfers. At launch, all Hang Seng ATMs will support QR code cash withdrawals and over half will support both QR code and NFC cash withdrawals. NFC connectivity will be extended to all…
Venture Leaders Fintech 2019, a 6-day pitching and fundraising roadshow co-organized by Venturelab and swissnex China took place from November 3rd to 9th in Hong Kong and Shenzhen. The 10 leading Swiss Fintech startup were selected by an expert jury among nearly 60 applications. The startups participated at the Hong Kong Fintech Week as well as in mentoring workshops, investor meetings, pitching events and visits across Hong Kong and Shenzhen financial ecosystems. For the first edition of Venture Leaders Fintech in Hong Kong, swissnex China and Venturelab led the Swiss startups on a six-day roadshow in China’s Greater Bay Area,…