Archive
Hong Kong Insurance Authority Authorizes First Virtual Insurer Under Fast Track
The Insurance Authority (IA) announced that it has granted the first authorization of a new insurer owning and operating solely digital distribution channels under the Fast Track, marking a significant milestone of Insurtech development in Hong Kong. “The first virtual
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DBS Launches Blockchain Trade Platform for the Automotive Sector in China
DBS Bank announced that it has partnered with one of China’s largest automotive logistics companies, China Capital Logistic Co. Ltd alongside blockchain provider, Wanxiang Blockchain, to launch an automotive blockchain platform connecting car manufacturers, exporters, logistics carriers and car dealerships.
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JOS Student Innovation Awards is Open for Application- Manulife is Looking for World Changing Insurtech Solutions
JOS, a technology solutions provider for Asia’s changing environment, through consultancy and system integration, has joined hands with three market leaders for the return of the popular JOS Innovation Awards. The annual Awards, designed to recognise innovation and creative problem-solving
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Former World Bank President Robert Zoellick to Speak at Asian Financial Forum
Organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the 12th Asian Financial Forum (AFF) will be held on 14-15 Jan 2019 at the Hong Kong Convention and Exhibition
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New Study Highlights Price Manipulation, Scams and Fraud in Crypto Market
A new report by finance and accounting professor Paul Barnes released in November 2018 explores the cryptocurrency market, highlighting its susceptibility to speculative bubbles, manipulation, scams and fraud. The paper, which was presented at a blockchain and cryptocurrency conference organized
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First Industry-Wide Use of Blockchain-Based Authentication in Motor Insurance
CryptoBLK in collaboration with The Hong Kong Federation of Insurance (HKFI), launched a Motor Insurance DLT-based Authentication System (MIDAS), the first motor insurance platform in Asia using blockchain technology in production to verify the authenticity of motor cover notes/policies. Verification of
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13 Banks Signs on to Hong Kong’s First Open API Exchange Platform
The banking consortium JETCO announced that 13 banks and popular e-service providers, including OpenRice, Price.com.hk and MoneyHero.com.hk, have signed on to JETCO APIX, Hong Kong’s first open API (application programming interface) exchange platform, that will commence operation in January 2019. This initiative signals that
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WTO: Blockchain Holds Great Opportunities for International Trade But Challenges Remain
Blockchain is perceived by many as the next big game-changer in trade, promising to enhance the efficiency of processes and help trade move closer to becoming paperless. However, the challenges to overcome are equivalent to the opportunities offered by the
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Fintech Collaboration between Hang Seng Bank and Tencent
Hang Seng Bank and Tencent announced that they have established a strategic fintech partnership. The parties will initially collaborate on various aspects of technology application, account-opening procedures and retail payment services with the aims of providing customers with innovative and
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Velotrade Becomes First Account Receivables Financing Platform to Obtain SFC Licence in Hong Kong
Velotrade, the first Account Receivables Financing Platform in Hong Kong to obtain a Type 1 Regulated Activity licence by the Securities and Futures Commission, is now ready to provide institutions with access to new investment opportunities in this steadily developing
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