Jim Marous, from The Financial Brand, describes the integrated fintech experiences of the future at Next Money 2017 Fintech Finals. https://thefinancialbrand.com/63285/banking-internet-of-things-iot-data-analytics-payments/ http://fintechnews.sg/7948/iot/internet-things-poised-disrupt-banking-insurance/ Featured Picture via FinancialBrand, https://thefinancialbrand.com/63285/banking-internet-of-things-iot-data-analytics-payments/
Author: Fintech News Hong Kong
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Gini has chosen data-aggregation specialist eWise to deliver Hong Kong’s first ever customer relationship management platform to create customer loyalty programs through the secure aggregation of end-user’s credit cards and bank accounts. Gini is an online-to-offline digital commerce technology that enables merchants and marketers to target loyalty and rewards based on actual transaction data from banks, and represents a technological breakthrough for marketers, who have long struggled to properly target consumers in a market dominated by offline spending. Launching in Hong Kong in Q2 2017, the CRM platform will help merchants identify and reward customers with discounts, offers and incentives…
Loyyal, the leading blockchain network for the loyalty and rewards industry, today announced a client and value-added reseller relationship with Quidam Ltd., an Asia-based (Hong Kong) provider of next generation data brokering and analytics solutions based on A.I. and blockchain technology for the media industry. As a client, Quidam will run a number of pilots on the Loyyal platform, testing and leveraging the unique capabilities of blockchain technology for the delivery of its services as a digital marketing agency to its clients. The pilots discussed focus on mass media and global gaming companies and will become available in the first…
Lendit USA Review: State of the Chinese Fintech Market with Ning Tang of CreditEase. LendIt USA is the world’s biggest show in lending and fintech, and in 2017 the event returns to New York City, taking over the Javits Center on March 6-7. More than 5,000 attendees from over 40 countries will gather to share ideas, network and learn the latest in all things lending and fintech. With 16 tracks of content, including digital banking, block chain, insurance, and auto financing, as well as our annual PitchIt @ LendIt startup competition, there truly is something for everyone. Also new to 2017 is the first annual LendIt Industry Awards evening,…
AsiaPay, a leading payment gateway service provider in Asia since 2000, has announced a collaboration with Peach Aviation, a well-known low cost carrier (LCC) in Japan, to offer UnionPay and AliPay Online Payment acceptance service for its travelers from China andAsia. Growing volume of passengers prefers to choose low fare air tickets especially those in China and Asia. Yet, the existing payment system of some airlines may not be timely updated to offer its customers with a comprehensive choices of convenient payment options in China and Asia to pay for travel expenses. AsiaPay provides secure, robust, one-stop multi-payment options for China and Asia passengers to book air tickets online and mobile in a speedy and convenient way so as to satisfy the need of express checkout nowadays. As…
Secretary for Financial Services & the Treasury Prof KC Chan says the Government has implemented initiatives to promote fintech application, investment and development in Hong Kong. Prof Chan told legislators today the number of fintech-related startups increased from 86 in mid-2015 to 138 last November. He said Hong Kong attracted US$370 million worth of venture capital investment in fintech companies between January 2014 and September 2016, according to statistics from a consultancy firm. In the 2017 Policy Address the Chief Executive pledged to establish the city as a hub for the application and setting of standards for cutting-edge fintech, such…
Tencent said they wouldn’t participate in the “Red packets” (红包 / Hongbao) war this year. …well, they won it anyway! Key highlights: 14.2 billion red packets sent in 24 hours, 76% year over year growth! 760,000 were sent in 1 second Guangdong is the province which sent the largest number of packets Beijing is the city which sent the largest number of red envelopes! According to Reuters , WeChat users even sent 46 billion digital red packets over Lunar New Year Infographic original source – wetalkchat.com
EquiChain, a London-based Fintech company with an Asia regional office in Hong Kong, announces its working prototype for capital markets. The company plans to implement a full end-to-end ‘execution to custody’ (E2C) pilot in 2017, positioning EquiChain to deliver the full potential of distributed ledger technology (DLT). The company also announces the closing of its initial funding round, secured from its board members, advisors and close stakeholders. EquiChain has already established an impressive coalition of active supporters, including top global asset managers such as Henderson Global Investors and Legal & General Investment Management. Reflecting its focus on enhancing the investment…
Greater China’s IPO market is set to continue to lead the way in 2017 fueled by listings of fintech giants including Ant Financial and Lufax, according to a report by CNBC. In 2016, Greater China exchanges hosted four of the ten largest IPOs globally by proceeds during the year, including the largest deal of the year of Postal Savings Bank of China Co. Ltd., which raised US$7.6 billion on the Hong Kong Main Market (HKEx) in September. In total, there were 331 IPOs on Greater China exchanges raising US$46.2 billion in capital, according to a report by EY. Hong Kong, the world’s top venue for…
Financial institutions are lining up behind blockchain, a technology that promises to make business processes more efficient and cut costs. In the first nine months of 2016, some US$1.4 billion had been invested globally in blockchain startups, according to PwC, highlighting the craze surrounding the technology. In Asia, fintech startups attracted US$10.5 billion in the first nine months of 2016, more than doubling fintech funding for all of 2015 (US$4.3 billion). Given the surge in fintech investment in Asia, Bloomberg Intelligence analysts Francis Chan and Zhen Qin, predict a significant rise in investment going toward blockchain startups in the region. In November…
Over the past year, Asia has dominated the fintech investment scene, with nearly as much investment in the first 3 quarters of 2016 as in all of 2015, according to CB Insights and KPMG’s The Pulse of Fintech, Q3 2016 report. Among the top 20 venture capital deals of 2016, seven went towards Asian companies. These include deals involving One97 Communications and MobiKwik from India, and Yunnex and Wangyudashi from China. Especially, China-based fintech companies have done incredibly well, with unicorn companies such as Ant Financial, JD Finance and Lufax continuing to grow and attract investment both domestically and globally. While China…
Social trading, an online trend quickly picking up traction across financial markets, has become a lucrative way for traders to earn money. Social trading refers to a new and innovative process through which online financial investors rely on user generated financial content gathered from various applications as the major information source for making financial decisions. Prior to social trading, investors and traders were relying on fundamental or technical analysis to form their investment decisions. Now, through social trading, they can integrate social indicators from trading data-feeds of other traders into their investment decision-process. Image credit: hin255 via Shutterstock.com Social trading…
InvestHK revealed some of the key highlights to watch out for during the upcoming 2017 StartmeupHK Festival, which covers retail technology, fashion technology, smart city, fintech and digital health, with more than 80 speakers who will be involved in panel sessions, interactive discussions, competitions and speaking events. The StartmeupHK Festival, running from January 16 to January 20, is the second event of its kind organised by InvestHK and this year will be held at the Hong Kong Convention and Exhibition Centre in Wan Chai and at PMQ in Central. It is expected to attract founders, innovators and investors, both locally and…
ReadWrite Labs (formerly Wearable IoT World Labs) built a six-week boot camp accelerator program specifically designed to give you the information, skills, and connections you and your team need to get to market faster, smarter, and prepared to achieve global success. IoT Accelerator is a six-week boot camp accelerator program specifically designed to give you the information, skills, and connections you and your team need to get to market faster, smarter, and prepared to achieve global success. Apply now for the January 17, 2017 boot camp program. “Wearable World catapulted Grush to success by giving us the expert mentorship and tools we…
The Hong Kong Monetary Authority (HKMA) and the Applied Science and Technology Research Institute (ASTRI) jointly launched the Fintech Career Accelerator Scheme (FCAS) on December 16 to nurture talents to meet the growing needs of fintech in Hong Kong. FCAS is supported by 11 banks and nine universities*. It aims to provide practical internship for undergraduate and postgraduate students interested in developing their careers in the fintech industry. The launching ceremony of FCAS took place today at the HKMA and was jointly hosted by the Chief Executive of the HKMA, Mr Norman Chan, and the Chairman of ASTRI, Mr Wong Ming-yam. Officiating…
The following 24 Fintech startups will be competing for their chance at the coveted Best in Show prize of US$10,000 at the Fintech Finals 2017 (FF17) pitch competition at PMQ in Hong Kong on January 19, 2017. Each startup will have just 5 minutes to pitch their business in front of industry judges and a live audience. Next Money FinTech Finals 2017 is part of the StartmeupHK Festival organised by Invest Hong Kong. Special Offer: Get 20% Off with registering With Code “FINTECHNEWSSG20“ Trophies will also be given out for the following categories: Best Early Stage Startup, Best Growth Stage Startup and Best Mature Stage Startup. Ten of…
Guests are now welcomed to use Apple Pay, Android Pay and Alipay at Hotel Panorama by Rhombus and Hotel Pennington by Rhombus, while Apple Pay and Android Pay are also available at Hotel LKF by Rhombus. Following the success of launching the new payment systems at Rhombus Park Aura Chengdu Hotel, Rhombus Group became the first Hong Kong hotel group to ever launch Apple Pay in the local market. Instead of the traditional payment methods with cash or credit card, guests now have the option to use Apple Pay, Android Pay and Ali Pay via smart phones. Considering individual travelers’…
The Hong Kong Monetary Authority (HKMA) and the UK Financial Conduct Authority (FCA) entered into a Co-operation Agreement (Agreement) on 7 December 2016 to foster collaboration between the two regulatory authorities in promoting financial innovation. According to the Agreement, the HKMA and the FCA will closely collaborate on a number of initiatives such as referrals of fintech firms, joint innovation projects, information exchange and experience sharing, to facilitate financial innovation in Hong Kong and the United Kingdom. For Hong Kong, the Agreement is a key initiative of the Fintech Facilitation Office (FFO) of the HKMA. It presents significant opportunities for…
8 Securities, Asia’s first robo-advisor launched Chloe on Google Play and the Apple App Store. The service is free for accounts under HK$8,888. How does Chloe work? Customers start by answering a short survey to set goals and a target date to achieve them. Each dollar the customer deposits is intelligently invested into a diversified global portfolio of exchange traded funds. Chloe monitors and optimizes the investment on a daily basis to help customers stay on track. Chloe becomes more intelligent over time by using machine learning to better predict customers goal and how much they need to save. “We…
VeChain, a product management platform built on top of the blockchain, officially launched at an event in Shanghai. “This is the day we have been working towards for more than three years. Our whole team is devoted to transforming this disruptive technology into practical applications. This launch is VeChain saying ‘Hello, World!’” said Sunny Lu, COO and co-founder of BitSE. VeChain aims to be a bridge between the blockchain world and the real world by linking products with a unique ID and embedding that product with an NFC chip, RFID tag or QR code that is associated with the ID…