Archive
Growing Demand for Regtech Solutions as HK Financial Institutions Navigate Concerns Around Rapid Digitalisation
Technological advances, business innovation, global competition and a major regulatory push have led to a shift in focus by Hong Kong financial institutions towards managing the complexities of change with financial regulation. According to The State of Regtech in APAC
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LU Hong Kong Launches AI-Backed Robo-Advisor “Lucy” With BNY Mellon
Lufax Holding’s subsidiary LU Hong Kong has partnered with BNY Mellon Investment Management to launch an open robo-advisory platform, offering tailor-made asset allocation solutions through its professional AI investment consultant “Lucy”. The Hong Kong Securities and Futures Commission (SFC) had
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Cloud-Based Regtech Is Gaining Focus In Hong Kong
Hong Kong capital market firms are investing in cloud-based regtech solutions to enhance their risk and compliance management capabilities amidst new challenges triggered by the pandemic, a new survey by FIS has found. Short for regulatory technology, regtech has emerged
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ZA Makes Moves in Digital Asset Market by Signing Deal With Crypto Firm BC Group
ZA International announced that it has entered into a mutual collaboration agreement with BC Technology Group, the parent company of OSL Digital Securities which is a Securities and Futures Commission (SFC)-licensed digital asset platform. The collaboration will see OSL become
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Experts Warn of Increased Cyber Risks in The Insurance Sector
The COVID-19 pandemic has sped up digital transformation and accelerated the shift to digital channels, introducing new cyber risks which insurance companies need to manage and mitigate, insurers and cybersecurity experts said during a virtual panel discussion. Simon Chandran, Financial
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Kakao Pay Seeks to Raise US$1.4 Billion in Upcoming IPO
Kakao Pay, a fintech subsidiary of Kakao which is the South Korean firm that runs the KakaoTalk messenger app, announced that it has kicked off its initial public offering (IPO) filing, planning to raise up to 1.632 trillion won (US$1.4
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Using Payment Data to Increase E-Commerce Revenue
If extracted effectively and used properly, payment data hold immense value, allowing businesses to make smarter decisions to optimize authorization rates and increase revenue, according to a whitepaper by payment fintech Checkout.com. The paper, titled Optimizing authorization rates with access
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Digital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport
Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech hub and digital community. The sum was not disclosed. The investment enables Hex Trust to scale operations, hire key talents
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