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Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for their cooperation on fintech innovation and supervisory exchanges in the region. The two regulators have agreed to link up the
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OSL Exchange Now Available to Latin American Customers
OSL, a SFC-licensed digital asset platform and member of BC Technology Group, announced that it has expanded access to its crypto trading platform to professional and institutional customers in Latin America, with zero trading fees until the end of the
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6 Reasons Why Hong Kong Is The Ideal Place for Fintech Startups
Hong Kong’s business-friendly environment, financial and operational support, strategic position in Asia-Pacific (APAC) and advanced technical infrastructure provide ideal conditions for fintech startups looking to scale, grow and crack the Asian market. Home to more than 460 fintech companies, including
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Latest HKMA Regtech Guide Outlines Benefits of E-Governance, Risk & Compliance Platforms
Banks and financial institutions are faced with critical challenges in their current governance, risk, and compliance (GRC) approaches, which often times involve inefficient and cumbersome processes requiring an excessive amount of manual work with disconnected and varied results. This challenge
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Hong Kong’s Virtual Insurer Bowtie Closes US$22.6 Million Series B1 Led by Mitsui
Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with participation from existing investor Sun Life Hong Kong. Mitsui is said to be one of the largest Japanese trading firms,
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Cyberport Venture Capital Forum to Return in November 2021
The Cyberport Venture Capital Forum (CVCF), its premier annual venture forum will return on the 2-3 November with the theme of “Venturing for Success: Resilience, Growth & Opportunity”, bringing together industry leaders, investors, enterprises and technopreneurs. CVCF 2021 will take
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HKMA Unveils List of 19 Eligible Banks for the Cross Border Investment Scheme
The Hong Kong Monetary Authority (HKMA) has released the list of 19 eligible banks in the country which can launch the cross border Wealth Management Connect (WMC) services. These banks, together with their respective Mainland partner banks whose eligibility have
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ZA-Backed Startup Bloom Partners With Visa to Create a Cashback App
Bloom, a Hong Kong-based technology startup backed by ZA International, announced a collaboration with Visa to create a cashback app. The technical support for Bloom is provided by Visa’s back-end system for processing card transactions. Bloom can distribute instant rebates
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PBOC’s Fintech Institute Taps Contour’s Blockchain Platform for Trade Digitisation
Singapore based digital trade finance network Contour has partnered with the Shenzhen Fintech Institute, a subsidiary of The People’s Bank of China (PBOC) to look at opportunities to boost China’s trade ecosystem and further the adoption of trade digitisation across
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Crypto Exchange Coinbase Plans to Roll Out NFT Marketplace
Cryptocurrency exchange Coinbase announced the launch of “Coinbase NFT”, a peer-to-peer marketplace for the minting, purchasing, showcasing, and discovering non-fungible tokens (NFTs). The crypto exchange said that it wanted to make NFTs more accessible by building user-friendly interfaces that put
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