Archive
Ant Group Plans a Concurrent Listing in Shanghai and Hong Kong’s Stock Exchange
Ant Group, the parent company of China’s largest mobile payments business Alipay and leading provider of financial services technology, today announced that it has commenced the process of a concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR
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WeLab Bank Launches Numberless Debit Card with Mastercard
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority (HKMA), will launch a numberless bank card that is powered by MasterCard While WeLab Bank services are designed to be 100% operated from the mobile phone, a
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HKSTP and HSBC Team Up to Drive Open Banking Innovation in Hong Kong
Hong Kong Science and Technology Parks Corporation (HKSTP) has teamed up with HSBC today to drive open banking innovation for start-ups and technology ventures. HSBC will be the lead partner in the API EcoBooster (Programme) to mentor and co-create API
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AWS and HSBC Reach Long-Term Strategic Cloud Agreement
HSBC has partnered with Amazon Web Services (AWS) for a long-term strategic cloud agreement to drive their digital transformation for new and personalised banking services. As part of a multi-year global agreement, HSBC will make AWS technology available across the
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Millennials Most Targeted Group by Hong Kong Digital Fraudsters
The quarterly analysis of online fraud trends in Hong Kong by TransUnion found the percentage of suspected fraudulent digital transactions originating in Hong Kong fell by 10% despite a 5% rise globally for the same period. In this quarter, TransUnion
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Ping An Bank Ranks 46th on Top 1000 World Banks
Ping An Insurance (Group) Company of China, Ltd. announced that its subsidiary Ping An Bank Co., Ltd. (“Ping An Bank”) ranks 46th on the list of The Banker’s Top 1000 World Banks which is up nine places from last year.
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Virtual Insurer OneDegree Pivots to Offering Core Insurance Platform to Incumbents
OneDegree Global, an insurtech firm with presence in Hong Kong and Taipei, announced today that it has launched IXT Core, an enterprise-grade core insurance platform that powers digital transformation for insurers, MGAs and brokers. OneDegree is being as a virtual
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Alipay Maintains Dominance in China Over Tencent’s WeChat Pay and QQ Wallet
A new report by iResearch Consulting Group indicates that the total size of third-party mobile payment transactions in China reduced by 4% for the first time in the first quarter of 2020 to compared to the same period last year
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EMQ Bags Remittance Partnership in Cambodia with AMK
AMK, the provider of microfinance services in Cambodia, and EMQ, a global financial settlement network, have teamed up to facilitate cross-border money transfer across Southeast Asia. This partnership enables AMK to integrate with EMQ’s extensive global network for secure, compliant
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Hong Kong’s Virtual Bank WeLab Named On the 2020 CNBC Disruptor 50 List
WeLab has been named #11 on the 2020 CNBC Disruptor 50 list, and was the only company included from Hong Kong and just one of five from Asia. This is WeLab’s first appearance on this list of private companies who are
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