Posts From Fintech News Hong Kong
Hong Kong Fintech Hub Cyberport Becomes Hotbed for Insurtech Innovation
Widely known for its massive fintech community of close to 400 companies, digital tech park Cyberport is now rapidly emerging as a powerhouse for insurance innovation. More than 30 insurtech companies have chosen Cyberport as their home, including Hong Kong’s
Read More
Livi Bank Joins the Virtual Banking Race in Hong Kong
Livi Bank announced the launch of its virtual banking services, making it the fourth virtual bank open to public in Hong Kong. Livi was among the eight entities that were awarded the virtual banking license by the Hong Kong Monetary
Read More
WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000 applications since launching to the public less than 10 days ago. The demographic of their customers ranged between 18 to
Read More
InvestHK Unveils Fintech Global Fast Track Programme
InvestHK has unveiled the Global Fast Track Programme, a business-driven programme within Hong Kong Fintech Week, to help local and global fintech enterprises leverage Hong Kong’s fintech opportunities to scale business and accelerate innovation. The Fast Track programme plugs fintech
Read More
Banking Circle Examines Changes In Attitude Towards Digitisation
Just like in almost every other industry, financial institutions have been planning and implementing increased digitalisation for some years. However, the coronavirus crisis and resulting nationwide restrictions have undoubtedly accelerated the rate at which new tech and processes have been
Read More
HKMA and BIS Innovation Hub Launches Trade Finance Tech Challenge
The Bank for International Settlements Innovation Hub (BISIH) and the Hong Kong Monetary Authority (HKMA) launched the “TechChallenge – Digitising Trade Finance” initiative to highlight the potential for new technologies to enhance trade finance mechanisms. The initiative is administered by
Read More
Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit
Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The high-level summit is targeted at keeping the C-level from banks informed on the latest trends, developments and challenges in data
Read More
Nielsen: 82% of Customers Won’t Consider Loan Offerings from Virtual Banks
A study by Nielsen has found that consumers are quite wary of personal loan services despite being regarded as one of the popular market entry products for virtual banks. According to its Personal Finance Monitor that analyses customer’s perspective towards
Read More
Homegrown WeLab Bank Fully Launches with 8% Cash Back on Debit Card Spending
WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to the millions of individuals in Hong Kong. This follows their earlier pilot trial in April 2020, where they invited approximately
Read More
EMQ Raises US$20M in Series B Funding Round
EMQ, Hong Kong-based financial settlement network, announced the issuance of US$20 million Series B preferred shares led by WI Harper Group. New and existing investors participated in the funding round including Abu Dhabi Capital, AppWorks, DG Ventures, Hard Yaka, Intudo
Read More