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Bank & FinTech Collaboration Models – How Big Banks Plan Fight the Big Tech Challenge
Sometime around the tail-end of 2010 the banks started realising that something called a FinTech could be a threat to their business. This is a time when some senior executives in the bigger banks were asking the digital leaders if
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Diginex To Partner Agora For Blockchain-Based Voting in Asia
Blockchain solutions provider Diginex will join forces with blockchain-based voting platform Agora to provide blockchain-based voting in Asia. Agora uses the blockchain to record and store voting information. Leveraging the blockchain’s properties in this manner has the potential benefit of
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ZhongAn Technology Launches AI-Powered Data Platform for China’s Insurance Industry
ZhongAn Online is a digital insurer in China that was formed through the collaborative efforts of Ping An, Tencent and Alibaba. As the name suggests, it is an insurance service that is run fully online, which helps them widen their net
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CurrencyFair Announces Asian Expansion and Buys Hong Kong Payment Company
CurrencyFair, an International Money Transfer service to consumers and businesses has announced a major expansion into Asia through the acquisition of Hong Kong based, Convoy Payments Limited. This announcement follows Hong Kong Special Administrative Region (HKSAR) Financial Secretary Paul Chan’s
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China’s Academia to Form New Blockchain Research Center with the Industry
A new blockchain research center will be formed to develop a series of entreprise level blockchain applications. According to the parties involved, these solutions will be developed to address the challenges and needs that corporations are facing in China today.
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AXA Hong Kong will Invest $200M into Fintech and Launched Design Centre
In response to customer needs across insurance products, AXA Hong Kong has announced that it will invest approximately HK$200M in FinTech development this year, tripling its 2017 commitment. The new AXA Design & Experience Centre in One Island East in Quarry Bay, developed in
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12 Fintech Startups in Shanghai You Should Know
Shanghai, a global financial center and transport hub, has emerged as one of China’s fintech powerhouses in recent years, and the city’s tech scene is expected to further grow in new technology areas such as virtual reality, biometrics, big data-based
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Asia Pacific Ahead of Europe in Customer Experience Tech Adoption
A deep focus on enhancing the customer experience has taken root in many emerging markets – most notably Asia Pacific, which is well ahead of its more developed market counterparts in Europe and North America in terms of adoption of
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Virtual Banks to Shake up Hong Kong Banking Landscape
Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The
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