Archive
Crypto.com Ties up With Booking.com to Offer Travel Discounts
Hong Kong-based cryptocurrency platform Crypto.com has announced a partnership with Booking.com to deliver travel deals to all its users within its app. Crypto.com users who make Booking.com reservations in the app will receive a discount of up to 25% for
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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19
A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises
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Prudential: Digital Health Technology Adoption on the Rise
Prudential released The Pulse of Asia – The Health of Asia Barometer, a report written by The Economist Intelligence Unit (EIU), which underscores the opportunities offered by digital health technologies to improve access to healthcare in Asia. The research, which
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FWD Hong Kong Leverages HKMA’s Faster Payments System for Instant Claims Service
FWD Hong Kong has launched its instant claims service through its eServices app. The solution allows FWD customers to receive claims payments within seconds after claims applications approval via the Faster Payment System (FPS) and 7-Eleven convenience stores. Claim applications
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Ant Group Ordered to Revamp Its Business As Beijing Pursues Crackdown on Tech Giants
On December 26, 2020, four Chinese financial regulators, including the central bank, summoned Ant Group for regulatory talks, ordering the fintech giant to “rectify” its regulatory violations and “return to its payment origins.” Pan Gongsheng, a deputy governor at the
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Neat Issues Visa Cards for Hong Kong SMEs
Neat, a Hong Kong based fintech company offering modern financial solutions to SMEs and startups, has become a member of the Visa network and will issue its own Neat Visa card for businesses incorporated in Hong Kong. As a member
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EMQ Expands Cross Border Payments Service to South Korea
EMQ, a Hong Kong-based financial settlement network, announced that it has expanded its operations into the South Korean market, offering cross-border payment capabilities worldwide. “South Korea has one of the most vibrant digital economies in the world with its retail
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Tencent’s Fusion Bank Signs on More Than 10,000 Customers Within 2 Weeks of Launch
Within 2 weeks of the public launch of Fusion Bank, the last of the eight virtual banks licensed by the Hong Kong Monetary Authority, the virtual bank has managed to secure over 10,000 customers. Previously known as Infinium Limited, the
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Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation
Like many other areas of the economy, the financial services sector is undergoing a data revolution. Every day, the global banking industry generates massive amounts of data by processing hundreds of billions of financial transactions as well as through interactions
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HKMA Highlights 4 Regtech Uses Cases During COVID-19 Pandemic
As the COVID-19 pandemic continues to profoundly disrupt the financial services landscape, technology holds to key to overcoming the operational challenges caused by the public health crisis, according to Hong Kong Monetary Authority (HKMA). In HKMA’s fifth issue of
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