Posts From Fintech News Hong Kong
HKMA Takes Stock of Banks’ Fintech Adoption Rate to Push Digitisation Efforts
The Hong Kong Monetary Authority (HKMA) announced the results of the Tech Baseline Assessment and its plans for further supporting the industry’s adoption of fintech. As part of its “Fintech 2025” strategy, the HKMA is promoting the all-round adoption of
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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector
The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to accurately verify the identity of the person on the other end of a digital transaction. A 2021 study by advisory
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SleekFlow Secures US$8 Million in Series A Fundraise Led by Tiger Global
SleekFlow, an Alibaba Entrepreneurs Fund-backed SaaS omnichannel social commerce platform, announced that it has raised a US$8 million Series A funding round. The financing was led by New York-based investment firm Tiger Global Partners with participation from Transcend Capital and
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Alex Clavel Appointed as CEO of SoftBank Group International
Japanese multinational conglomerate SoftBank announced that Alex Clavel has been appointed as Chief Executive Officer of SBGI effective June 30, 2022. Clavel is currently the Managing Partner at SoftBank Group International (SBGI) and will succeed Michel Combes, who has decided
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HKMA, Bank of Israel, and BIS Hong Kong to Pilot Study on Retail CBDCs
The Hong Kong Monetary Authority (HKMA), together with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Center, announced a joint research on retail Central Bank Digital Currency (CBDC) called Project Sela. This
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Global Fast Track 2022 Eyeing Applications From Asia Pacific
Invest Hong Kong (InvestHK) has announced the launch of Global Fast Track 2022, a programme that helps fintech companies leverage the unique advantages of Hong Kong to scale in Asia while building a solid foundation for long-term growth. Returning for
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Robo Advisor AQUMON Appoints Simon Lee as MD for Investment Solutions
Robo advisor AQUMON announced the appointment of Simon Lee as its Managing Director, Head of Investment Solutions effective Q2 of 2022. Simon will be stepping in to lead the investment solutions department in the management, production and distribution of the
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China Leads 2022 Ranking of Top Digital Banks in Asia-Pacific
China’s WeBank, MYBank and Suning Bank were named the top three leading digital-only banks in Asia-Pacific (APAC), recognized for their growth and success by The Asian Banker’s inaugural ranking of the world’s leading digital banks. The Global Top 100 Digital
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Talent Availability Identified as Top Challenge Among Hong Kong’s Big Data, AI Startups
Hong Kong’s big data and artificial intelligence (AI) startups are looking to ramp up hiring significantly, a trend that showcases the sector’s growth and dynamism, a new report by the Fintech Association of Hong Kong (FTAHK)’s AI and Big Data
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Alibaba Cloud Gears up to Redefine the Future of Regtech and Digital Assets
Alibaba Cloud Hong Kong is hosting its “Fintech Online Day 2022 – Redefine the Future of Regtech and Digital Assets” online this June 16, 2022 to showcase the latest innovations in the financial services industry. From the emerging trend in
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