Archive
WeBank Launches Its New Brand “WeBank Blockchain” to Focus On ESG
WeBank, a digital-only bank in China, launched its new brand “WeBank Blockchain” which will be focused on building trusted ESG infrastructure to promote equity and sustainable development for its blockchain technology. To better promote ESG development, WeBank Blockchain will focus
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HKMA Seeks Public Feedback for Its Retail Digital Currency Research
The Hong Kong Monetary Authority (HKMA) has issued a discussion paper titled “e-HKD: A policy and design perspective”, inviting views from the public on key policy and design issues for its retail central bank digital currency (rCBDC). After announcing the
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Digital Insurer Blue Launches Group Medical Insurance Plan Designed for SMEs
Hong Kong’s digital insurer Blue announced the launch of its “WeMedi Group Medical Protector”, a group medical insurance plan designed for small and medium-sized enterprises (SMEs). The plan offers SMEs an affordable option to help its employees have access to
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StanChart Hong Kong Partners With The Sandbox to Explore the Metaverse
Standard Chartered (Hong Kong) announced a new partnership with The Sandbox, a decentralised gaming virtual world, to create innovative experiences for its customers and the community. Led by SC Ventures, Standard Chartered Group’s investment arm, the bank will actively engage
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Top 5 Most Well-Funded Fintech Companies in Hong Kong
Home to over 600 fintech companies, Hong Kong is an international fintech hub characterized by a diverse, resilient, and dynamic landscape that’s supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists (VCs), a host
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WeLab Bank Granted License to Offer Digital Wealth Advisory Services
Virtual bank WeLab has been granted a license from the Hong Kong Securities and Futures Commission (HKSFC) to offer digital wealth advisory services. Having obtained the Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, WeLab had
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Livi Bank Now Offers Instant Personal Loans up to HK$1 Million
Hong Kong’s virtual bank livi announced that it has launched its personal loan offering from HK$10,000 up to HK$1,000,000. The livi Flexi Loan is fully automated and available 24/7 where approvals reportedly takes about 2 minutes after which the funds
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LINE Bank Taiwan Clocks More Than 1 Million Users Within First Year of Launch
LINE Bank Taiwan announced that it has already exceeded 1.1 million customers in the first year of its operations. The neobank was among the three entities to receive a virtual banking license from Taiwan’s Financial Supervisory Commission in June 2019.
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Why Brands, Bigtechs, Fintechs and Banks Are All Taking Notice of Banking as a Service
The Asia Pacific region is leading the way in a revolution that is changing the way consumers interact with financial services. Banking as a Service (BaaS) has been spreading rapidly over the last couple of years, enabling brands to offer
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LINE Launches NFT Marketplace in Japan
LVC Corporation, the operator of LINE’s crypto asset and blockchain businesses, announced that it has launched a non-fungible token (NFT) marketplace available only in Japan called LINE NFT. From today onwards, the marketplace will offer around 40,000 NFT products for
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