Archive
3 Reasons Why Privacy is Important While Transacting in Cryptocurrencies
Although Bitcoins were considered to be one of the safest methods to protect privacy, several questions have been raised on it. In the earlier days of cryptocurrencies, users did not pay much attention to behind the scenes while transacting in
Read More
WeLab Bank Takes Flight in a Pilot Trial with Interest Rates up to 4.5% P.A
WeLab Bank Limited has commenced a pilot trial under the Hong Kong Monetary Authority’s (“HKMA”) Fintech Supervisory Sandbox (“FSS”). During the FSS phase, WeLab Bank will be offering banking services to selected individual users prior to an official launch to
Read More
Ant Financial’s MYBank Reports Nearly Doubling of SMEs Served in 2019
MYbank, an online private commercial bank under Ant Financial Services Group, stated in its annual report released today that it has served 20.87 million small and micro businesses in China as of the end of 2019. As part of the
Read More
Sofi Invest Enters HK With Its Commission Free-Trading Through Acquisition of 8 Securities
SoFi, the digital personal finance company, announced today an expansion into its first international market, with the introduction of SoFi Invest in Hong Kong. SoFi is launching its international presence in the Hong Kong market based on its acquisition of
Read More
Hong Kong’s First Cypto Fund Eyes US$ 100 Million Fund Size
Arrano Capital, which is the blockchain arm of Venture Smart Asia Limited, today announced the launch of Hong Kong’s first regulated virtual asset fund. The fund, which tracks the price of Bitcoin, provides Professional Investors (as defined under the Securities
Read More
Ant Financial Opens Consortium Blockchain Platform to SMEs and Developers
Ant Financial announced the launch of OpenChain, a blockchain platform that enables small and micro enterprises (SMEs) and developers to tap into Ant Financial’s proprietary consortium of blockchain technologies and deploy blockchain-powered smart contracts and decentralized apps (DApps) with higher
Read More
HK-Based Fintech Unicorn Airwallex Bags US$160M In a Record Fundraising Round
Airwallex today announced that it has closed its Series D fundraising round at US$160M, marking its biggest capital raise to date. The round includes majority participation from a group of new top-tier global strategic investors, including ANZi Ventures (the corporate
Read More
DBS Hong Kong Launches Contact-Free Business Account Opening for SMEs
DBS Hong Kong is transforming the traditional business account opening process for SMEs into a fully virtual and contact-free banking experience that can be completed in as quickly as just two days, anytime and anywhere. By making business account opening
Read More
OneDegree Obtains Virtual Insurance License in Hong Kong
OneDegree Hong Kong announces today that it has been granted a virtual insurance license by the Hong Kong Insurance Authority (“IA”). This virtual insurance license is granted under the IA’s “Fast Track” scheme that was launched in 2017 to promote
Read More
Wolters Kluwer Bags ZA Bank as a Customer for Its Regtech Solutions
ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. Their media statement describes OneSumX for Regulatory Reporting combines bank data into a single source of data to
Read More