Fintech Hong Kong | May 2021 - Fintech Hong Kong

Archive

Hong Kong Releases Consultation Conclusions for Virtual Asset Exchange Licensing Regime

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has released a paper outlining the conclusions to its consultation on a proposed licensing regime for virtual asset exchanges. The Hong Kong government is proposing legislative changes to enhance anti-money laundering

Covid19

Here’s How COVID-19 Affected Hong Kong Consumers’ Financial Health

The global pandemic continues to take a heavy toll on Hong Kong households’ financial situation with many still concerned over whether they will be able to pay their bills, results from a new TransUnion survey found. TransUnion’s latest Consumer Pulse

Various

UP Fintech, Huobi Technology, Sea, Razer Added in MSCI Global Indexes

Fintech firms UP Fintech, Sea, Huobi Technology and Razer were among the companies that were added to MSCI global indexes on May 27, 2021, reflecting their growth achievements. MSCI indexes are a measurement of stock market performance in a particular

InsurTech

Insurer YF Life Rolls Out Google Cloud-Powered Cantonese Chatbot

Hong Kong insurer YF Life and HKBN Enterprise Solutions (HKBNES) have teamed up to launch a Google Cloud-powered Cantonese voice chatbot dedicated to insurance services and is set to be launched early next year. The chatbot leverages Google Cloud‘s AI

Virtual Banking

Airstar Bank Pilots Corporate Banking Services for SMEs Through HKMA Sandbox

Airstar Bank, one of Hong Kong’s eight virtual banks, has launched a pilot trial of corporate banking services for SMEs through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority (HKMA). At this stage, the pilot trial aims

InsurTech

Digital Insurer Blue Rolls Out Post-Vaccination Protection Campaign

Digital life insurer Blue has launched the #WeSupport campaign to provide its customers with free post-vaccination protection from 8 April 2021 to 31 July 2021. Blue offers two complimentary protections where eligible customers can receive HK$300 pharmacy expenses protection and

Partner Content Various

Accenture and Cyberport’s Fintech Innovation Lab Returns With More Opportunities for Startups

The Fintech Innovation Lab Asia Pacific program is returning for its eighth edition this year with more opportunities for young and promising startups. Founding partner Cyberport will be giving the finalists from the 2021 cohort the opportunity to participate in

Payments

Airwallex Launches Online Card Payment Acceptance Solution in Hong Kong

Airwallex, a cross border payment company, announced the launch of its online card payment acceptance solution in Hong Kong, allowing local merchants to accept online card payments made around the world using Visa and Mastercard. As a principal member of

Hong Kong Virtual Banking

ZA and Mox Leading Hong Kong’s Virtual Banking Race, Capturing 70% of All Deposits

ZA Bank and Mox are leading Hong Kong’s virtual bank race, making up 70% of all virtual banking customer deposits as of the end of 2020, Reuters reported, citing the lenders’ annual reports. Hong Kong’s eight virtual banks accumulated total

Open Banking

Hong Kong Enters a New Phase of Open Banking

The Hong Kong Monetary Authority (HKMA) announced the implementation plan for the third and fourth phases of its Open API framework. The next steps in the framework are account information for phase 3 and transactions for phase 4. Following the