Posts From Fintech News Hong Kong
Nuvei Expands Presence in Asia Pacific with New China Hub
Nuvei, the Canadian fintech company, has established a new operational hub in China, reinforcing its presence in the Asia-Pacific (APAC). Philip Fayer, Nuvei Chair and CEO commented, “We’re excited to announce our new office in China as we continue expanding
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SFC Introduced Virtual Asset Trading Platform Lists
The Securities and Futures Commission (SFC) recently launched multiple lists regarding virtual asset trading platforms (VATPs) on its website. This aligns with the SFC’s commitment to providing clear and transparent information to the public. Among the lists are licensed VATPs,
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HKEX to Launch New Digitalised IPO Settlement Platform FINI on 22 Nov
The Hong Kong Exchanges and Clearing Limited (HKEX) announced that its new digitalised IPO settlement platform FINI will be launched on 22 November 2023. HKEX appears to have delayed the rollout of FINI from October. Earlier reports did mention that
Read MoreThought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
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SFC to Beef Up List of Suspicious Crypto Exchanges After JPEX Fiasco
Hong Kong’s Securities and Futures Commission (SFC) will publish the names of virtual asset trading platform’s (VATP) that have applied for a license in the wake of the JPEX fiasco. The regulator will enhance and issue a dedicated list of
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HKMA Kicks off Green Fintech Competition
The Hong Kong Monetary Authority (HKMA) has announced the Green Fintech Competition. The competition is open to green fintech firms in Hong Kong and around the world. Their solutions should be relevant to any of these four themes; net-zero transition or
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HK Government, Central Bank Look to Issue More Tokenized Bonds
Building on their experience from Project Evergreen, the Hong Kong Monetary Authority (HKMA) and the government are planning to work with the financial industry to conduct further tokenized bond issuances, a new report by the HKMA reveals. The government and
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JPEX’s Ongoing Saga: Deregistration, Telecom Blocks, and Regulatory Disputes
Beleaguered crypto exchange JPEX has allegedly applied for deregistration with the Australian Securities and Investment Commission, according to Cointelegraph. JPEX stated that all company members agree with the move, the company is no longer operating, its assets are less than
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moomoo Kicks off Its Online Brokerage in Japan
Global investment and trading platform moomoo announced the launch of its online brokerage business in Japan on 19 September 2023. Japanese investors can now trade approximately 7,000 US stocks and ETFs on the moomoo platform. They will also be able
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Know Your Customer Now Available on Hong Kong’s Commercial Data Interchange
Know Your Customer, a regtech firm focused on business KYC verification, is now available on the Hong Kong Monetary Authority’s (HKMA) Commercial Data Interchange (CDI). The CDI is a consent-based financial data infrastructure. It enhances data sharing by facilitating financial
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