Posts From Fintech News Hong Kong

Airwallex Officially Launches in New Zealand

Cross border payments firm Airwallex is now a fully registered Financial Service Provider with the Financial Service Providers Register in New Zealand and has launched its global payment services in the country. Businesses in New Zealand now have access to

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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner

Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from

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How Far Has Hong Kong Progressed in Its Green Finance Push?

The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) has made some progresses in advancing Hong Kong’s green and sustainable finance (GSF) agenda and helping the financial ecosystem’s transition towards carbon neutrality. Established in May 2020, the Steering Group

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Currenxie Is Now a Part of Amazon’s Payment Service Provider Programme

Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it will be participating in Amazon’s Payment Service Provider (PSP) programme. Participating PSPs must have appropriate risk and compliance controls in place and work with Amazon to reduce the potential for

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HKMA Takes Stock of Banks’ Fintech Adoption Rate to Push Digitisation Efforts

The Hong Kong Monetary Authority (HKMA) announced the results of the Tech Baseline Assessment and its plans for further supporting the industry’s adoption of fintech. As part of its “Fintech 2025” strategy, the HKMA is promoting the all-round adoption of

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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory

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SleekFlow Secures US$8 Million in Series A Fundraise Led by Tiger Global

SleekFlow, an Alibaba Entrepreneurs Fund-backed SaaS omnichannel social commerce platform, announced that it has raised a US$8 million Series A funding round. The financing was led by New York-based investment firm Tiger Global Partners with participation from Transcend Capital and

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Alex Clavel Appointed as CEO of SoftBank Group International

Japanese multinational conglomerate SoftBank announced that Alex Clavel has been appointed as Chief Executive Officer of SBGI effective June 30, 2022. Clavel is currently the Managing Partner at SoftBank Group International (SBGI) and will succeed Michel Combes, who has decided

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HKMA, Bank of Israel, and BIS Hong Kong to Pilot Study on Retail CBDCs

The Hong Kong Monetary Authority (HKMA), together with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Center, announced a joint research on retail Central Bank Digital Currency (CBDC) called Project Sela. This

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Global Fast Track 2022 Eyeing Applications From Asia Pacific

Invest Hong Kong (InvestHK) has announced the launch of Global Fast Track 2022, a programme that helps fintech companies leverage the unique advantages of Hong Kong to scale in Asia while building a solid foundation for long-term growth. Returning for

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