Archive
Lending Activity Decreases and Loan Defaults on The Rise in Hong Kong Amid COVID-19
The newly-released TransUnion Q1 2020 Industry Insights Report shows that COVID-19 has severely amplified the impact of the 2019 Hong Kong recession, and started to shape the consumer credit market in a number of distinct ways. With economic conditions worsening
Read More
JETCO Partners With Insurtech Start-Up GoLion to Offer Insurance APIs
Joint Electronic Teller Services Limited (JETCO) today announced its partnership with insurtech start-up GoLion to offer insurance APIs via the JETCO APIX (API exchange) platform. At this stage, these APIs cover over 30 insurance products, including travel, saving, term life, hospital
Read More
Virtual Bank WeLab’s HK$10,000 Interest-Free Loan Opens For Application Today
Virtual banking operator WeLab announced today that its’ #HKCashDrop is open for application today, on a first come first serve basis. The initiative aims to deliver the HK$10,000 government subsidy in to the people’s hand immediately ahead of the proposed
Read More
Tencent’s WeBank to Support IMDA Backed Singapore Blockchain Accelerator
Tencent’s WeBank and OpenNodes a deep tech ecosystem platform backed by IMDA and powered by Tribe, have joined hands to offer the financial blockchain platform, FISCO BCOS, as an ‘innovation playfield’ to technology students and academics in Singapore The move
Read More
Ant Financial to Invest US$ 73.5m in Wave Money to Drive Financial Inclusion in Myanmar
Wave Money and Ant Financial today announced a strategic partnership to promote financial inclusion in Myanmar. Wave Money is a joint venture between Telenor Group and the Yoma Group. As part of this partnership, Ant Financial plans to invest US$73.5
Read More
Niche Global Selects Volante Technologies’ SEPA Instant Payments as a Service in the Cloud
Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation announced that Niche Global, a rising intech player, has selected Volante’s cloud-based SEPA instant Payments as a Service solution to accelerate its expansion into the European
Read More
Top 9 Up and Coming Fintech Startups in South Korea to Watch in 2020
Fintech has been named one of the top priorities for South Korea this year. The government has said it will go all out to nurture the fintech industry in 2020 and has set aside a budget of 19.8 billion won
Read More
CES China: Virtual Pitching Competition With 20 Swiss Startups
Despite the outbreak of the COVID-19 pandemic, 20 Swiss DeepTech startups will be taking the virtual stage in Asia this 10 June. Organized by swissnex China in collaboration with SwissTech, CES ASIA and Venture Leaders, with the support of institutional
Read More
Unlocking the Value in Payments Data With Technology and Partnerships
Over the years, banks have been creating exponentially growing mountains of data – much of it with huge potential value. However, despite their ability to create it, banks have not always been good at making the best use of it.
Read More
Riding the Cloud to the Bank of the Future
Shifts in consumer behaviour towards digital services are resulting in monumental changes for the banking industry. Highly anticipated digital banking licenses will be awarded in Singapore and Malaysia this year, while the first of the winners of Hong Kong’s new
Read More