Fintech News Hong Kong, Author at Fintech Hong Kong

Posts From Fintech News Hong Kong

China InsurTech

From Insurance Firm to Tech Ecosystem: Ping An’s Rise to Becoming a Tech Giant

China’s Ping An started out as a property and casualty insurance company but rapidly grew into becoming what we know today as one of the world’s biggest tech giants. A new case study published by the International Institute of Management

Remittance

Airwallex Completes Acquisition of SVF Operator Unicard

Airwallex, a cross border payment company, announced that it has completed the acquisition of UniCard Solution Limited following the regulatory approvals from the Hong Kong Monetary Authority (HKMA) to become a shareholder controller. Airwallex said that through its wholly owned

Blockchain/Bitcoin

Crypto.com Inks Deal With Aston Martin Formula 1 Team

Hong Kong-based cryptocurrency platform Crypto.com announced a global partnership with the Aston Martin Cognizant Formula One™ Team ahead of its 2021 Formula One car launch. Aston Martin Cognizant Formula One™ Team has signed a multi-year deal with the cryptocurrency platform

Virtual Banking

Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card

livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card. livi said that the virtual debit card expands livi’s product line with a goal to support customers’ everyday living anytime, anywhere,

Various

APAC’s Fintech Investments Hit a Six-Year Low in 2020

KPMG report found that fintech companies in Asia Pacific attracted USD 11.6 billion across 565 deals from venture capital, private equity and M&A in 2020, compared to USD 16.8 billion in 2019, reaching a six-year low. The pandemic saw a

Various

Cyberport’s HK$10 Million Fintech Subsidy Scheme Open for Applications

Hong Kong digital tech park Cyberport announced that the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau, is now open for applications with the Hong Kong government earmarking HK$10 million for the scheme. The scheme

Wealthtech

HSBC Invests Over US$3.5 Billion to Grow Its Wealth Business in Asia

HSBC announced plans to invest over US$ 3.5 billion in the next five years to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia. These investments will focus on expanding HSBC’s wealth teams to increase distribution

Funding Payments

Episode Six Announces Additional $30 Million in Funding

Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional $30 million of investment, bringing its total capital raised to $40 million. This additional funding comes nine months after the

China InsurTech

Facebook Antitrust Case is “Bad Economic Policy” at a Time When Chinese Fintech Dominates the World

The US Federal Trade Commission (FTC) and 47 states are suing Facebook, accusing the social media giant of breaking antitrust law by acquiring companies that presented competitive threats and abusing its dominance in the digital landscape. But according to Peter

Blockchain/Bitcoin

Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central banks of China and the United Arab Emirates will be joining them for the second phase of their central bank