Posts From Fintech News Hong Kong

Virtual Insurer One Degree Pivots to Offering Core Insurance Platform to Incumbents

OneDegree Global, an insurtech firm with presence in Hong Kong and Taipei, announced today that it has launched IXT Core, an enterprise-grade core insurance platform that powers digital transformation for insurers, MGAs and brokers. OneDegree is being as a virtual

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Alipay Maintains Dominance in China Over Tencent’s WeChat Pay and QQ Wallet

A new report by iResearch Consulting Group indicates that the total size of third-party mobile payment transactions in China reduced by 4% for the first time in the first quarter of 2020 to compared to the same period last year

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EMQ Bags Remittance Partnership in Cambodia with AMK

AMK, the provider of microfinance services in Cambodia, and EMQ, a global financial settlement network, have teamed up to facilitate cross-border money transfer across Southeast Asia. This partnership enables AMK to integrate with EMQ’s extensive global network for secure, compliant

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Hong Kong’s Virtual Bank WeLab Named On the 2020 CNBC Disruptor 50 List

WeLab has been named #11 on the 2020 CNBC Disruptor 50 list, and was the only company included from Hong Kong and just one of five from Asia. This is WeLab’s first appearance on this list of private companies who are

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Mainland China Pilots Cross Border Investments with Hong Kong and Macau

The People’s Bank of China, the Hong Kong Monetary Authority, and the Monetary Authority of Macao have implemented a pilot scheme called the Wealth Management Connect to facilitate cross-boundary investment by individual residents in the Guangdong, Hong Kong and Macao

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Cyberport to Boost HK Fintech Talent Pool with HK Government’s US$15.5 Million Fund

Cyberport today announced that it has been commissioned by the Financial Services and the Treasury Bureau to implement the “Fintech Anti-epidemic Scheme for Talent Development” (FAST), established under the second round of the Hong Kong Special Administrative Region (HKSAR) Government’s

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What is A Digital Currency and Why They Are The Real Revolution

Technology is transforming payments, and one of the most widely talked about innovations in this regard has been digital currencies. Despite its growing dominance in international headlines, many who are unfamiliar with the scene find themselves asking “what is a

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Alibaba’s Online Bank Unveils Five-Year Plan to Acquire More SME Customers

MYbank, the digital bank under Ant Group (formely known as Ant Financial) which is part of the Alibaba Group, today announced a five-year plan to reach more small and micro enterprises (SMEs) across China via supply chain finance and rural

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Ping An OneConnect Launches its Virtual Bank Pilot

Ping An OneConnect Bank (PAOB) announced its pilot trial under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). PAOB is among the 8 virtual banks that have received a license from HKMA to operate. To date,

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Manulife Among the First Wave of Insurers Approved to Launch Virtual Agency Sales Platform

Manulife Hong Kong today announced the launch of a ‘Virtual Face-to-Face’ agency sales platform for all Manulife individual insurance products in Hong Kong, except investment-linked assurance schemes. Manulife’s Virtual Face-to-Face sales capability enables customers to buy even the most sophisticated

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