Posts From Fintech News Hong Kong

Challenger Bank Tandem Recruits Ex-HSBC Banker Ahead of its Hong Kong Launch

Tandem, a full-service digital bank in the UK, announced that they have appointed ex HSBC banker Kunal Malani as their Chief Growth Officer. This news follows their earlier announcement that targetting to launch their digital financial services in Hong Kong

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News Roundup: Hong Kong Fintech Week 2019, Product Launches and More

Last week, the Hong Kong Fintech Week returned for its annual week-long fintech gathering. The event, which brought together more than 8,000 attendees for one of the region’s biggest fintech events, was the opportunity for industry stakeholders to make some

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34 Out 100 of The World’s Top Fintech Companies Are From Asia

34 companies from Asia have been named among this year’s top 100 global fintech innovators, according to H2 Ventures and KPMG’s latest Fintech100 ranking. Seven of them made the top ten list, showcasing Asia’s growing dominance on the global fintech

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Tourist in China Can Finally Use Alipay, Here’s How

China’s leading mobile payments platform Alipay announced that its services are now finally available to international travelers in China. Tourists visiting China will now be able to download and use the app during the trip giving them access to Alipay’s

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Banks in China Risk Losing US$60 Billion in Payments Revenue to Fintechs by 2025

As much as 13% of banks’ payments revenue in China, or US$61 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new

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Understanding What’s Behind China’s Booming Insurtech Scene

In 2013, ZhongAn was established as the first online-only insurance company in China. Since then, the insurance industry has undergone tremendous changes driven by advances in technology. China’s insurance market has grown rapidly over the past few years. In 2017,

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President Xi Jinping Fuels China’s Renewed Appetite For Blockchain

China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said “greater effort should be made to strengthen basic research and boost innovation capacity.” The Communications Industry Association, an affiliate of

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OpenLegacy Eyes Hong Kong Expansion After Raising US$ 50M

OpenLegacy a provider of microservices-based API integration and management for core and legacy systems, announced that it has raised a total funding of US$ 50 Million to date with the latest round being led by Hong Kong based Silverhorn Investment

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UnionPay Accounts for 45% of Payment Cards Globally

New research from RBR shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. RBR’s Global Payment Cards Data and Forecasts to 2024 research indicates that financial inclusion

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How Hong Kong Ascended to Being Among The Best Fintech Hub in The World

Hong Kong has climbed its way to be shoulder to shoulder with some of the world’s best fintech hubs. The recent report on global fintech hubs by Cambridge Centre for Alternative Finance indicates that Hong Kong ranks among the top

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