Archive

livi Bank Rolls Out In-App Travel Insurance Offering

Hong Kong’s digital bank livi bank announced the launch of its travel insurance offering, first general insurance product, in time for the relaxation of the quarantine rules in the country. The ‘Travel Now’ plan covers medical expenses, trip cancellations and

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BIS: World’s First CBDC Pilot With Four Countries Is Completed

The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving

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Four Asian E-wallets Expand to South Korea Through Alipay+

Ant Group announced that Alipay+ will be integrated into Asian e-wallets AlipayHK, the Philippines’ GCash, Malaysia’s Touch ‘n Go, and Thailand’s TrueMoney in an effort to jointly promote cashless travel in South Korea as travel restrictions were lifted in the country.

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Tokyo and New York Bourses Sign Agreement to Support Cross-Border Investment

Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) announced a new agreement to support cross-border investment between the U.S. and Japan during Japanese Prime Minister Fumio Kishida’s visit to the NYSE. The agreement focuses on three key

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Animoca Brands Raises US$38M From True Global Ventures, Appoints New CFO

True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) has invested US$38 million in Animoca Brands and bought US$16 million in equity from the secondary market. This comes in addition to TGV’s participation in the

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WeLab and Astra Finalises 99% Stake Acquisition in Indonesia’s Bank Jasa Jakarta

Hong Kong digital bank WeLab and Indonesian conglomerate Astra International have completed their acquisition of commercial bank Bank Jasa Jakarta (BJJ) after receiving regulatory approval. The acquisition was led by WeLab-led consortium’s WeLab Sky which is backed by investors such

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BIS, HKMA to Explore Use of DeFi Tools to Improve SME Financing

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will look into the use of decentralised finance (DeFi) tools to improve access to finance for unfunded and underfunded small and medium enterprises (SMEs). The launch

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Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech

Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial services companies looking to get the most out of their investments in artificial intelligence (AI), allowing them to build more

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Top 10 Investors Supporting Hong Kong’s Fintech Scene in 2022

With a strong capital pool and supportive government-led policies, Hong Kong has offered a solid foundation for companies to innovate, scale and transform the future of fintech. Today, Hong Kong has one of the highest consumer fintech adoption rates (67%) in the

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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users

The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been

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