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Top 50 Most Influential Projects of the Last 50 Years
Alibaba’s Singles Day, M-Pesa, Alexa, the Belt and Road Initiative, Bitcoin and E-Estonia are amongst the most impactful projects of the last 50 years, according to a new ranking from the Project Management Institute (PMI). The list, called Most Influential
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ZA Bank First to Soft Launch Virtual Banking Service Despite Unrest in Hong Kong
Ever since the Hong Kong Monetary Authority (HKMA) dished out 8 virtual banking licenses much of Asia and perhaps even the world has been watching the space with great interest. Most of the players, including WeLab were aiming to launch their
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Why China Leads the World in Blockchain Development and Adoption
Blockchain has become a national priority for China both in the public and private sector. This is further accelerated thanks in part to president Xi Jinping who recently proclaimed the technology as an important breakthrough. Efforts to launch a central
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UN Migration Agency Uses Blockchain to Prevent Domestic Helper Exploitation in HK
Blockchain solution provider Diginex and the Internationa Organisation for Migration announced the launch of a blockchain based tool developed to prevent the exploitation of migrant domestic helpers in Hong Kong. The tool called IRIS-SAFER, which is an acronym for the
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Ant Financial and US-Based Vanguard to Offer Investment Advisory for Retail Consumers
Vanguard, the $5.9 trillion U.S.-based asset manager, and Ant Financial Services Group, Alibaba’s fintech arm, announced a partnership to bring a new streamlined and broadly-available investment advisory service to retail consumers in China. Combining Alipay’s technology and Vanguard’s expertise in
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The Greater Bay Area is Home to 43 Unicorns Valued at a Combined US$1.1 Trillion
The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is home to 43 unicorns valued at a combined US$1.1 trillion. These unicorn focus on five key industries: e-commerce, healthtech, robotics, fintech and biotech, according to a new whitepaper by WHub, Hong Kong’s
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WeLab Raises US$ 156 Million — Gearing up To Launch WeLab Bank by 2020
WeLab, one of the 8 companies granted license from the HKMA to operate a virtual bank announced today that it has raised US$ 156 million ( HK$ 1.2 billion) of Series C strategic financing, which makes it one of the
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gini’s Study Reveals That 80% of Bankers in Asia Sees Themselves as Open API Losers
gini, the Hong Kong based data-driven banking solutions provider reveals a recent survey on Open APIs readiness among Asian fintech industry professionals. Only 20% of bankers saw themselves as the winners from Open APIs, even though 70% said sharing customer
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South Korea Lays Out 24 Key Focus to Scale up Fintech
The FSC announced measures to promote fintech scale-ups on December 4, which includes 24 key tasks in 8 different policy areas. The government has been promoting the fintech industry as part of its innovation-led growth strategy amid digital transformation and
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China’s P2P Lending Sector Is Coming to an End
Every peer-to-peer (P2P) lending platforms in China must become small loan providers within two years, according to an official notice issued by China’s Internet Financial Risk Special Rectification Work Leadership Team Office. It also states that all outstanding loans must
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