Posts From Fintech News Hong Kong

10 Reasons To Attend The Hong Kong FinTech Week 2019

The wait is over! You may now check out the full programme of Hong Kong FinTech Week’s main conference on Nov 6-7, 2019. What should you expect from this year’s event? The FinTech Week will be featuring over 200 speakers

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Hong Kong’s AMTD May Apply for Virtual Banking License in Singapore

AMTD is reportedly keen to apply for Singapore’s virtual banking license. In an interview with local Singaporean media, its CEO Calvin Choi expressed that AMTD is very interested in Singapore and that they see this as a great opportunity to

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What to Expect From Hong Kong Fintech Week 2019 — Asia’s Global Fintech Event

One of Asia’s largest fintech events the Hong Kong Fintech Week is returning from November 4 to 8. This year’s program will cover key themes including artificial intelligence (AI), blockchain, fintech in China, Greater Bay Area collaboration, and virtual banking.

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Avo Becomes The First Virtual General Insurer in Hong Kong

Hong Kong’s Insurance Authority announced on Tuesday that it has granted the first authorization for virtual general insurance under Fast Track. The license was granted to Avo, a local insurtech company providing products like health and travel insurance. The Fast

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SWIFT and HSBC to Define Industry Standard for APIs in Hong Kong

SWIFT and HSBC announced today they are joining forces to define a common industry-standard JSON for APIs, re-using ISO 20022 components, the initiative will see the Hong Kong banking community working together to review and agree on this standard. In

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PayPal Becomes First Foreign Payments Firm to Enter China Through Acquisition of GoPay

American online money transfer firm PayPal recently secured approval from the People’s Bank of China to purchase a stake in local payments firm GoPay. Paypal acquired 70% GoPay for an undisclosed sum and the transaction is expected to be closed

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HKMA: Hong Kong Could Expect Soft Launch of Virtual Banks in The Next Few Months

Speaking at the Hong Kong Institute of Bankers Conference yesterday, Deputy Chief Executive Officer of HKMA, Arthur Yuen said that Hong Kong’s new virtual banks could potentially soft launch some of its services in the fourth quarter of this year.

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Facebook’s Libra Will Not Include China’s Yuan

In a letter responding to German legislator, Fabio De Masi, Facebook has revealed the breakdown of its basket of global currency that will underpin its digital coin, Libra. According to a report by Reuters, the US Dollar will make up

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4 Reasons Why China’s Central Bank is Launching a Digital Currency

Blockchain and cryptocurrencies have been all the rage these past years. Now even central banks are looking to launch their own digital currency. So-called central bank digital currencies (CBDCs) differ from traditionally digital currencies like bitcoin and ether in the

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UnionPay Bets on Wirecard to Support Global Expansion

UnionPay, the world largest card scheme formed a partnership with Wirecard a global player in the payments space. This agreement will see Wirecard supporting UnionPay’s ongoing international expansion and Wirecard’s growth in China. With over 7.59 billion cards issued under

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