Archive

Wealthtech Firms Make Their Moves in Hong Kong

With shifting demographics, higher expectations and favorable regulations, wealthtech has become a rapidly growing industry around the world. In Hong Kong, the wealthtech industry is gathering more momentum this year with several notable developments being recorded since the beginning of

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Huawei Launches Digital Payment Cloud Solution

Huawei launched a new digital payment cloud solution designed to help digital payment service operators build super app centered payment ecosystems for digital financial inclusion in emerging markets. Huawei said that it had successfully tested the new system in Myanmar

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The Top 10 Female Founders: 50% are APAC Based

A recent research by the Businessfinancing.co.uk, a business finance news publisher, discovered that female startup founders are more likely to experience negative attitudes during funding pitches. This happens at a disproportionately larger scale compared to their male counterparts. This claim

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Hong Kong Fintech Hub Cyberport Becomes Hotbed for Insurtech Innovation

Widely known for its massive fintech community of close to 400 companies, digital tech park Cyberport is now rapidly emerging as a powerhouse for insurance innovation. More than 30 insurtech companies have chosen Cyberport as their home, including Hong Kong’s

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Livi Bank Joins the Virtual Banking Race in Hong Kong

Livi Bank announced the launch of its virtual banking services, making it the fourth virtual bank open to public in Hong Kong. Livi was among the eight entities that were awarded the virtual banking license by the Hong Kong Monetary

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WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch

WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000 applications since launching to the public less than 10 days ago. The demographic of their customers ranged between 18 to

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InvestHK Unveils Fintech Global Fast Track Programme

InvestHK has unveiled the Global Fast Track Programme, a business-driven programme within Hong Kong Fintech Week, to help local and global fintech enterprises leverage Hong Kong’s fintech opportunities to scale business and accelerate innovation. The Fast Track programme plugs fintech

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Banking Circle Examines Changes In Attitude Towards Digitisation

Just like in almost every other industry, financial institutions have been planning and implementing increased digitalisation for some years. However, the coronavirus crisis and resulting nationwide restrictions have undoubtedly accelerated the rate at which new tech and processes have been

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HKMA and BIS Innovation Hub Launches Trade Finance Tech Challenge

The Bank for International Settlements Innovation Hub (BISIH) and the Hong Kong Monetary Authority (HKMA) launched the “TechChallenge – Digitising Trade Finance” initiative to highlight the potential for new technologies to enhance trade finance mechanisms. The initiative is administered by

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Huawei Aims to Help Banks Unlock Data-Driven Intelligent Finance at Its Virtual Summit

Huawei announced that it will be hosting its APAC Financial Industry Storage Summit 2020 on the 13th August 2020. The high-level summit is targeted at keeping the C-level from banks informed on the latest trends, developments and challenges in data

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