Posts From Fintech News Hong Kong
SBI Holdings and Circle to Advance USDC Stablecoin, Web 3.0 Adoption in Japan
Tokyo-based financial institution SBI Holdings has entered into a strategic partnership with Circle Internet Financial, a global fintech firm and sole issuer of USD Coin (USDC). The collaboration, formalised through a Memorandum of Understanding (MOU), aims to facilitate the circulation
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Insurlog Ties Up With OneDegree’s IXT to Enhance Logistics Insurance in Vietnam
Insurlog, a provider of last-mile delivery insurance for e-commerce enterprises in Vietnam, has joined forces with OneDegree Global‘s insurtech division IXT. This collaboration aims to offer businesses a comprehensive and integrated solution to mitigate risks along the supply chain. Through
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ZA Bank Gains Regulatory Nod to Offer U.S. Stock Trading in Hong Kong
Hong Kong’s ZA Bank has received regulatory clearance from the Securities and Futures Commission (SFC) to expand its services. This approval amends the bank’s existing license, allowing it to move beyond dealing in collective investment schemes. ZA Bank is set
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Hong Kong and Abu Dhabi Regulators Strengthen Fintech Ties
The Hong Kong Monetary Authority (HKMA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have singed a MoU to step up their fintech cooperation. This agreement aims to enhance the ongoing partnership, focusing on cross-border
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LOTTE HIMART and bolttech Introduce Home Appliance Switch Service in South Korea
South Korean electronics retailer LOTTE HIMART has partnered with international insurtech company bolttech to introduce a home appliance switching service. The new service is available for an annual subscription fee starting at US$30, with the option of an extended three-year
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OKX Hong Kong Applies for Crypto Trading License with SFC Amid Industry Scrutiny
Cryptocurrency exchange OKX Hong Kong Limited has submitted an application for a virtual asset trading platform (VATP) license with the Securities and Futures Commission (SFC) of Hong Kong. The SFC had previously announced that it will publish the names of
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Dubai and Shanghai Exchanges to Share Expertise in Financial Collaboration
The Dubai Financial Market (DFM), Nasdaq Dubai, and the Shanghai Stock Exchange (SSE) have recently signed a Memorandum of Understanding (MoU) to enhance cooperation between the financial markets of Dubai and China. Announced on 20 November 2023, this agreement represents
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Bank Saqu Launches in Indonesia as WeLab’s Second Digital Bank in Asia
Hong Kong’s WeLab, in collaboration with Astra Financial, has launched Bank Saqu in Indonesia, marking its second digital banking venture in Asia. This new digital banking platform, operated by PT Bank Jasa Jakarta (BJJ), a joint venture between the two
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Mastercard’s Joint Venture Secures Bank Card Clearing License in China
Mastercard NUCC, a joint venture between Mastercard and NetsUnion Clearing Corporation, has been issued a bank card clearing license by the People’s Bank of China (PBOC). This development follows a thorough review process in line with the State Council’s decision
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HKMA Supports “Credit Data Smart” Pilot to Enhance Credit Reporting Services
The Hong Kong Monetary Authority (HKMA) has expressed its support for the newly launched pilot programme, “Credit Data Smart”. This initiative, announced by key banking and financial industry associations on 17 November, is part of the broader “Fintech 2025” strategy
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