Posts From Fintech News Hong Kong
LINE Bank Set to Launch Virtual Bank Soon to Its 21 Million Users in Taiwan
LINE Bank announced that it has been granted an operational license by Taiwan’s Financial Supervisory Commission to launch a virtual bank. LINE Bank has been working with the regulatory authorities on the due diligence process after being one of the
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Taiwan Furthers Open Banking Ambitions
Taiwan is moving forward with its plan to embrace open banking. The country’s Financial Supervisory Commission (FSC) recently granted approval to seven banks to enter the second stage of open banking, Regulation Asia reported earlier. The second phase of open
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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes
A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with
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2 Fintech Startups Among Top 10 Startups at Alibaba’s Global Pitch Competition
Alibaba Entrepreneurs Fund’s (AEF) JUMPSTARTER 2021 Global Pitch Competition has announced their list of top ten startups where two fintech startups, IPification and FOMO Pay, managed to snag a spot each. JUMPSTARTER is a not-for-profit initiative in collaboration with Cyberport
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Changing the World With Bank of Things
Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business practices. The digital economy is extending its presence with speed, ease of access, as well as the power penetration that
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Rakuten Officially the First Digital Bank to Launch in Taiwan
Rakuten International Commercial Bank (RICB) announced that it has officially launched operations making it the first digital bank in Taiwan. Established in May 2020, Rakuten Bank holds 50% of ownership while IBF Holdings owns 49% and the remaining 1% is
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ConsenSys Partners China’s State-Backed Blockchain Network
ConsenSys, a global blockchain software company, announced a partnership with the Blockchain-based Service Network (BSN), China’s national blockchain infrastructure, to make blockchain more accessible for enterprises and government organisations. As part of the partnership, ConsenSys Quorum, an open-source protocol layer that
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HKMA Urges Financial Institutions to Leverage New Digital Identity Platform iAM Smart
Hong Kong’s Office of the Government Chief Information Officer (OGCIO) has launched iAM Smart which provides all Hong Kong residents with a single digital identity and authentication to conduct government and commercial transactions online. All Hong Kong residents can apply
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ZA Bank First Virtual Bank Granted License to Be a Fully Digital Insurer
ZA Bank has been granted an Insurance Agency License from the Hong Kong Insurance Authority (IA), allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become
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HKSTP Launches Accelerator to Drive Banking Innovation
Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the Banking, Financial Services and Insurance Accelerator 2021 (BFSI Accelerator). The BFSI Accelerator aims to bridge corporates and innovators to deliver breakthrough technologies and create a wide array of new
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