Archive
Visa Pilots Payment Settlements Using Stablecoin with Crypto.com
Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with
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Virtual Banks Could Serve a Quarter of Hong Kong’s Population by 2025
By 2025, virtual banks could be serving a total of 1.9 million customers, or 24.9% of the Hong Kong population, and hold a combined revenue market share of 19.3%, estimates Quinlan and Associates. Though not insignificant, the consulting firm forecasts
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Hong Kong Monetary Authority Launches Global Regtech Challenge
The Hong Kong Monetary Authority (HKMA) announced today the launch of its Global Regtech challenge which they described as a competition designed to raise the Hong Kong banking industry’s awareness of the potential of Regtech adoption and to further grow
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Cyperport Features Seven Startups in Wealthtech Demo Day
Hong Kong digital tech park Cyberport had organised a two-day WealthTech Demo Day in partnership with the Chinese Financial Association of Hong Kong (HCFA) and the Hong Kong Securities and Investment Institute (HKSI Institute) on the 22nd and 23rd March
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6 Digital Wealth Management Trends in APAC
In Asia Pacific (APAC), digital wealth management is poised for strong growth. Driving this momentum is the region’s rapidly growing affluent and middle-class populations, the high levels of access to mobile technology, and rising demand for sophisticated-yet-easy-to-use digital wealth management
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Airwallex Now Valued at Over US$2 Billion with Latest US$ 100 Million Funding Round
Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension. Lifting Airwallex’s Series D funding to US$300
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Reports of the Death of Challenger Banks Are Greatly Exaggerated
Against the backdrop of the cacophony of noise and emerging trends in Asia, it’s difficult even for the keenest of observers to determine what trends will shape the future of fintech in Asia. On the 6th episode of Fintech Fireside
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Virtual Bank ZA Enters the SME Market
ZA Bank announced the launch of their business banking which they say leverages “ZME Revolving Loan”, an unsecured business revolving loan, to help small and medium-sized enterprises (SMEs) of various industries overcome business constraints. In their media statement, they said
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From Relationships to Platforms – the Shift in Corporate Banking
Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure
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Accuity: Four Digital Payment Trends in 2021 for Banks and Payment Service Providers
We are experiencing more change in the payments space than we have over the past thirty years. This is an exciting time to be involved in payments. As we begin 2021, Accuity’s payments specialists look ahead to identify four digital payment
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