The Last Virtual Bank in Hong Kong Launched

Fusion Bank, Hong Kong’s virtual bank jointly owned by Tencent, Hong Kong Exchanges and Clearing, Hillhouse Capital and Perfect Ridge, has announced the full public launch of its banking services. Previously known as Infinium Limited, the virtual bank had soft-launched

Read More Picks AWS as Its Cloud Provider

Hong Kong-based cryptocurrency platform announced that it has selected Amazon Web Services (AWS) as its preferred cloud provider. Running on AWS, will scale to offer financial services beyond its existing user base. By using AWS Trusted Advisor, a

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Year End Message to Our Readers – Offline from 24th December to the 3rd January

Fintech News Hong Kong would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th December 2020 to the 3rd January 2021.

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ZA Tech Forms Insurtech Joint Venture With Indonesian E-Wallet OVO

ZA Tech, the technology venture founded by insurance company ZhongAn Online and backed by Softbank’s Vision Fund, announced that it has formed a joint venture with the holding company of e-wallet OVO, to offer Indonesian insurance companies easy and secure

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6 Developments That Shaped Hong Kong’s Fintech Industry in 2020

Hong Kong’s fintech industry continued to grow in 2020, on the back of rising adoption by incumbents and a rapidly expanding startup community. 86% of banks have adopted or plan to adopt fintech solutions across all types of financial services,

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OSL Receives Green Light From Hong Kong Regulator for Crypto Trading Platform

OSL, a digital asset platform and member of BC Technology Group, has received the license from Hong Kong’s Securities and Futures Commission (SFC) to operate regulated brokerage and automated trading services for digital assets following a rigorous vetting process. They

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MUFG Bank Ropes in Velotrade to Automate Its Trade Invoice Processing

Velotrade, a digital trade finance marketplace, announced that its trade finance platform has been selected by MUFG Bank to manage its internal invoice processing requirements. The new system automates the processing of thousands of trade invoices every month by MUFG’s

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Visa Partners 500 Startups to Launch Accelerator Programme

Visa has announced an accelerator programme for startups across Asia Pacific that are looking to expand their businesses into new markets. Partnering with global venture firm 500 Startups, Visa will select an elite group of up to six startups to

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