Posts From Fintech News Hong Kong
Hong Kong Fintech FundPark Secures US$500 Million Funding Facility from Goldman Sachs
FundPark, a fintech startup focusing on trade finance for small and medium enterprises (SMEs), has obtained a US$500 million (HK$3.9 billion) funding facility from Goldman Sachs. This marks the second funding initiative between FundPark and the investment bank, doubling the
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Allied Banking Corporation Shifts to Cloud with Finastra Essence, Enhancing Efficiency
Finastra has announced the successful migration of Allied Banking Corporation (Hong Kong) to cloud-based operations, marking a significant upgrade from Finastra’s Equation core banking solution to the advanced Essence solution. In addition, the Allied Banking Corporation has implemented Retail Analytics
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Financial Partners Invests US$40M in Grayscale and Fidelity’s Bitcoin ETFs
Financial Partners, a financial services group, has disclosed an investment of US$40 million into spot Bitcoin Exchange Traded Funds (ETFs) offered by Grayscale and Fidelity. This step is part of the company’s broader strategy to integrate advanced technology, including artificial
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HashKey Group Hits Unicorn Status in Latest US$100 Million Series A Round
HashKey Group, which runs one of the two licensed cryptocurrency exchanges in Hong Kong, has successfully closed its Series A funding round, securing nearly US$100 million. According to the company, the Group’s pre-money valuation is over US$1.2 billion (HK$9.38 billion).
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OSL Group Appoints Patrick Pan as CEO to Spearhead Global Expansion
OSL Group a SFC-licensed digital asset platform, announces the appointment of Patrick Pan as CEO, spearheading its global expansion strategy for 2024 in the digital assets sector. The group said that this initiative marks a significant move to enhance OSL’s
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Bank of East Asia Invests US$196 Million to Boost Fintech Innovation
The Bank of East Asia (BEA) officially opened its new BEA Tower in the Qianhai special economic zone, Shenzhen.The recent inauguration of the BEA Tower signifies a major advancement in the bank’s growth in the Greater Bay Area, emphasising wealth
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Octopus Integrates UnionPay, AlipayHK, and Alipay for Taxi QR Payments in Hong Kong
Octopus has announced the expansion of its QR payment services for taxis in Hong Kong. Starting from 25 January, approximately 21,000 taxi drivers in the region will be able to accept QR code payments from UnionPay, AlipayHK, and Alipay through
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South Korea’s New Digital Nomad Visa Scheme: Eligibility Criteria and Requirements
On January 01, 2024, South Korea officially launched a pilot program for a digital nomad visa scheme, allowing foreigners to stay for up to two years while maintaining a job back home, officials said on December 29, 2023. The visa
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Hong Kong Boosts Sustainable Finance with IFRS Adoption and Technology Upgrades
Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) announced key initiatives to strengthen the region’s position in sustainable finance. The group welcomed the Accounting and Financial Reporting Council as a new member and outlined three major initiatives
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Hong Kong Insurtech OneDegree Announced Executive Appointments
Hong Kong-based virtual insurer OneDegree Group has appointed Michelle Ip as CEO of its technology division, OneDegree Global, and Robin Scott as General Manager of the newly established OneDegree Middle East division. Michelle, who joined OneDegree in 2022, brings extensive
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