Archive
HSBC Invests Over US$3.5 Billion to Grow Its Wealth Business in Asia
HSBC announced plans to invest over US$ 3.5 billion in the next five years to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia. These investments will focus on expanding HSBC’s wealth teams to increase distribution
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Episode Six Announces Additional $30 Million in Funding
Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional $30 million of investment, bringing its total capital raised to $40 million. This additional funding comes nine months after the
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Facebook Antitrust Case is “Bad Economic Policy” at a Time When Chinese Fintech Dominates the World
The US Federal Trade Commission (FTC) and 47 states are suing Facebook, accusing the social media giant of breaking antitrust law by acquiring companies that presented competitive threats and abusing its dominance in the digital landscape. But according to Peter
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Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central banks of China and the United Arab Emirates will be joining them for the second phase of their central bank
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CompareAsiaGroup Rebrands as Hyphen Group
CompareAsiaGroup, a Southeast Asian financial marketplace, announced it has completed its rebranding to Hyphen Group. Hyphen said in a statement that the new name, brand identity, logo and website reflects the “company’s renewed commitment to accelerate the digitisation of the
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AQUMON Bags ICBC Asia as Its First Banking Client for the Launch of Its SmartFund
Robo-advisor AQUMON has launched an algorithm-driven fund selector platform, SmartFund, which was first adopted by Industrial and Commercial Bank of China (Asia) Limited (ICBC Asia) in Hong Kong and made available in late 2020. SmartFund is a new generation big
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QTUM Partners Blockpass to Offer Blockchain-Based Regtech Solutions
Blockpass, a regtech platform leveraging the use of blockchain, has announced its partnership with QTUM, an open-sourced public blockchain application platform. Through this new partnership, Blockpass and QTUM will work together to support the space. This includes QTUM offering subsidies
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Hong Kong’s Next Phases of Open Banking Presents Exciting Opportunities
Two years into the implementation of open banking and Hong Kong is now heading into Phase III and Phase IV of its strategy, which will see account information and customers’ transactions being made available to third-party providers. As the region
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InsureTech Connect Asia Launches Its Digital Distribution & Ecosystems Summit
InsureTech Connect (ITC), one of the largest insurtech gathering, will be presenting the Digital Distribution & Ecosystems: virtual summit on 25th February 2021. The virtual event will dive deep into the key market trends and topics revolving around digital distribution
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KPMG Releases Annual Selection of China’s Top Fintech Companies
Consultancy firm KPMG has released its annual selection of China’s top fintech companies. This year, the China Fintech 50 report was extended to feature 100 companies to showcase the sector’s growth and fast-changing landscape. The 2020 China Fintech 50, which
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