Archive
Homegrown WeLab Bank Fully Launches with 8% Cash Back on Debit Card Spending
WeLab Bank a homegrown virtual bank licensed by the Hong Kong Monetary Authority (“HKMA”) publicly launches their banking services to the millions of individuals in Hong Kong. This follows their earlier pilot trial in April 2020, where they invited approximately
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EMQ Raises US$20M in Series B Funding Round
EMQ, Hong Kong-based financial settlement network, announced the issuance of US$20 million Series B preferred shares led by WI Harper Group. New and existing investors participated in the funding round including Abu Dhabi Capital, AppWorks, DG Ventures, Hard Yaka, Intudo
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Airwallex Partners Deutsche Bank for API-Enabled Forex Services
Deutsche Bank announced that it will enable fintech unicorn Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong respectively. Already live in Japan, the solution will further allow Airwallex to process and convert
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Tricor Launches Eletronic General Meetings Solution
Tricor formed a strategic partnership 3 Hong Kong, University of Hong Kong and Microsoft to unveil SPOT, a platform that enables electronic general meetings. The solution is said to be highly scalable, offering significant cost savings, reduce administrative time and
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China’s National Digital Currency Project Enrolls Over 20 Companies as Partners
Support and adoption of the Chinese national digital currency project, the Digital Currency Electronic Payment (DCEP), is accelerating with now more than 20 companies having joined as partners. Only eight firms were originally announced, including four state-owned banks (Industrial and
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Technical Analysis and the Fintech Market in Hong Kong
Hong Kong is a bustling hub of FinTech activity. A core market in Asia, Hong Kong is also central to global FinTech operations. In 2020, the largest component of FinTech activity in Hong Kong is digital payments solutions, valued at
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YAS Launches Microinsurance Marketplace in Hong Kong
YAS Digital Limited (YDL), a Hong Kong-based regional insurtech venture, today unveiled a microinsurance marketplace in Hong Kong. They described the marketplace as one that “functions like an app store” and “offers a diverse and affordable range of products tailored
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Ant Group Unveils New Blockchain Brand AntChain
Ant Group, a leading provider of financial services technology, and the parent company of China’s largest mobile payments business Alipay, today officially launched AntChain, a new technology brand for the company’s blockchain-based solutions that also aggregates other digital technologies including
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Equinix Invests US$51 Million Expanding Its Data Center in Hong Kong
Equinix, the global interconnection and data center company, has completed the third phase expansion of HK4, one of its five International Business Exchange™ (IBX®) data centers in Hong Kong with an investment of US$51 million (approximately HK$364 million). HK4 provides
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Episode Six Secures US$7 Million to Accelerate Global Growth as Demand for Digital Transformation Increases
Episode Six, a next-generation financial technology provider, today announced that it has secured US$7 million of its Series A funding. The round was led by HSBC and includes investments from Mastercard and SBI Investment Co., Ltd., which first invested in Episode
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