Posts From Fintech News Hong Kong
PAOB Hits Nearly Half a Billion Mark in Deposits Within 4 Months of Operations
Ping An OneConnect Bank (PAOB), one of Hong Kong’s eight virtual banks, has released its financial statement for the year ended on December 31, 2020. PAOB’s activities has grown steadily since its official launch in September 2020, with total income
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Airstar Bank Now Offers Foreign Exchange Trading Services
Airstar Bank, a virtual bank that began full operation in June 2020, has introduced a new foreign exchange (FX) service so that customers can capitalise on investment opportunities in the ever-changing global FX market. The virtual banks said in a
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Asia Leads the Way with Central Bank Backed Digital Currencies (CBDCs)
Central banks in Asian countries including Cambodia, Thailand, Mainland China, Hong Kong and Singapore, have more advanced central bank digital currency (CBDC) projects than their global counterparts, outperforming those of Canada, the UK and Sweden, a new analysis by PwC
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Digital Insurer Blue First to Adopt Hong Kong’s iAM Smart Digital Identity Authentication
Hong Kong’s digital life insurer Blue has adopted the iAM Smart authentication method, providing a digital alternative for customers to verify their identity during the online policy application process. Blue claims to be the first insurer to do so. iAM
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Accenture and Cyberport’s Joint Fintech Accelerator Now Accepts Applications
Accenture’s Fintech Innovation Lab Asia Pacific in collaboration with Hong Kong digital tech park Cyberport is now accepting applications for its fintech accelerator until May 17, 2021. Applicants must have at least a working beta version of their technology. The
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Insurtech Ignatica Closes $7 Million Pre-Series A Round
Ignatica, an insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced that it has closed US$ 7 million in pre-series A funding round. The fund raise was led by Lingfeng Capital, with participation from the
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AQUMON Develops Robo Advisory Platform for CMB Wing Lung Bank
AQUMON has developed a robo advisory platform called Wealth-Tech Services for the CMB Wing Lung Bank to provide the latter’s clients with sophisticated, low-cost, and transparent investment options. The Wealth-Tech Services is embedded in CMB Wing Lung Bank Wintech mobile
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YAS Launches Microinsurance for NFTs
Hong Kong-based insurtech YAS announced the launch of of a NFT (Non-Fungible Token) microinsurance called NFTY, joining hands with Generali‘s Hong Kong Branch to co-develop it. YAS claims that NFTY will become the world’s first microinsurance product to cover NFTs.
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TransUnion Study Notes Uptick in Digital Fraud Attempts in Hong Kong
TransUnion’s latest quarterly analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters in Hong Kong are increasing their digital schemes against businesses. In addition, provisional findings of TransUnion’s recent Global Consumer Pulse Study found that
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Taiwanese Fintech Sector Poised for Growth Amid Booming Startup Ecosystem
Taiwan’s booming startup ecosystem and recent fintech developments could be hinting at further growth in the local fintech sector. A leading global supplier of hardware, Taiwan has a vibrant startup ecosystem and is on track to grow into a global
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