Archive

Hong Kong Fintech Week 2019 – Highlights Day 1

Fintech Week sees significant HKMA and SFC regulatory announcements, while sync. wins FintechHK Global Competition. Digital trade finance platforms, digital and cryptocurrencies, cross-border payments and a vision for Hong Kong fintech all figured strongly on the opening day of Hong

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A Master of Science in Fintech for Hong Kong

To step up efforts in cultivating a talent for Fintech in local students and to strengthen the links in corporate partnership, the Faculty of Engineering, The Chinese University of Hong Kong (CUHK) and DBS Hong Kong have recently signed a

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Tourist in China Can Finally Use Alipay, Here’s How

China’s leading mobile payments platform Alipay announced that its services are now finally available to international travelers in China. Tourists visiting China will now be able to download and use the app during the trip giving them access to Alipay’s

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Banks in China Risk Losing US$60 Billion in Payments Revenue to Fintechs by 2025

As much as 13% of banks’ payments revenue in China, or US$61 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new

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Understanding What’s Behind China’s Booming Insurtech Scene

In 2013, ZhongAn was established as the first online-only insurance company in China. Since then, the insurance industry has undergone tremendous changes driven by advances in technology. China’s insurance market has grown rapidly over the past few years. In 2017,

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President Xi Jinping Fuels China’s Renewed Appetite For Blockchain

China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said “greater effort should be made to strengthen basic research and boost innovation capacity.” The Communications Industry Association, an affiliate of

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OpenLegacy Eyes Hong Kong Expansion After Raising US$ 50M

OpenLegacy a provider of microservices-based API integration and management for core and legacy systems, announced that it has raised a total funding of US$ 50 Million to date with the latest round being led by Hong Kong based Silverhorn Investment

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UnionPay Accounts for 45% of Payment Cards Globally

New research from RBR shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier. RBR’s Global Payment Cards Data and Forecasts to 2024 research indicates that financial inclusion

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