Archive
Airwallex Launches US$200 Million VC Fund to Back Startups in Its Network
Airwallex, a cross border payment company, announced plans to establish a new venture capital fund set up by its founders named Capital 49 that will invest into early stage, high-growth technology-enabled companies powered by its infrastructure. The new fund aims
Read More
Mox Bank Takes a Slice of the BNPL Pie With Its Latest Offering ‘Split’
Virtual bank Mox has launched a new Buy Now, Pay Later (BNPL) feature on Mox Credit called ‘Split purchase’. Mox Credit customers can split eligible transactions of HKD400 or more into equal monthly instalments, ranging from 3 to 36 months.
Read More
China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value
Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new data from the
Read More
APAC Wealth Firms Not Keeping Pace With Digital Transformation Are Destined to Fail
Refinitiv released the findings of its Wealth Management report titled “The Gold Standard of Wealth Management: Redefining investor experiences in Asia-Pacific”. The firm recently surveyed over 500 investors in Asia-Pacific to understand how their trading activities, data needs and digital
Read More
Here are 3 Ways Banks Can Adopt Regtech
Over the last decade, regulatory and compliance requirements have increased for all financial companies. At the same time, countries are introducing new legislation and regulatory requirements. Dealing with these evolving and ever-changing compliance expectations can be a costly ordeal. According
Read More
Fintech as a Catalyst for Hong Kong’s Green Finance Ambitions
In Hong Kong, fintech will play a key role in creating a more environmentally-friendly financial system and help the city reach its green finance ambitions, experts told Fintech News Hong Kong. Technology and sustainability are quickly emerging as two key
Read More
Digital Insurer Blue Launches WeMedi Top Up to Subsidise Existing Outpatient Plans
Hong Kong’s digital life insurer Blue announced the launch of its WeMedi Top Up (Outpatient) Protector, a top up outpatient plan in the digital life insurance market to subsidise existing outpatient plans to help customers alleviate the financial burden of
Read More
Cyberport’s Fund Invested a Total of HK$14.87 Million Into Four of Its Startups
Hong Kong digital tech park Cyberport has invested a total of HK$14.87 million (US$1.92 million) in four of the startups in its network including Lynk, Rice Robotics, Dash Living and Hex Trust over the past six months through its Cyberport
Read More
Nomu Pay Finalises Acquisition of Wirecard’s Hong Kong Entity
Nomu Pay, a Finch Capital funded company, has completed two transactions to acquire Wirecard‘s payment entities in Hong Kong and Malaysia. The firm also announced the appointment of Peter Burridge as Group Chief Executive Officer, to be based in Singapore.
Read More
Crypto.com To Develop Exclusive NFTs In Partnership With Formula 1
Formula 1 has announced Crypto.com, a cryptocurrency payment and exchange platform, as the Global and Inaugural Partner for its 2021 Sprint series. The Sprint series will kick-off at Silverstone, UK on July 17, ahead of the 2021 Pirelli British Grand
Read More