Archive
Hong Kong Officially Launches Its Credit Reference Platform
Hong Kong’s Credit Reference Platform (CRP) has completed system testing and officially commenced operation on 28th November 2022. CRP’s launch was announced by the Hong Kong Association of Banks (HKAB), Hong Kong Association of Restricted License Banks and Deposit-taking Companies
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Fusion Bank Secures License From SFC to Expand Into Wealth Management
Fusion Bank announced that it has been granted licensing from the Hong Kong Securities and Futures Commission (SFC) to offer digital wealth advisory services. The bank secured Type 1 (dealing in securities) and Type 4 (advising on securities) licenses, allowing
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LINE’s Crypto Exchange BITFRONT Shutters Operations, to Suspend Trading End of 2022
Japanese social-media company LINE will shut down its US-based crypto exchange BITFRONT claiming that its decision has nothing to do with “certain exchanges that have been accused of misconduct”. BITFRONT seemed to be referring to the now-bankrupt crypto exchange FTX
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Hex Trust Gets MVP License to Offer Virtual Asset Custodial Services in Dubai
Hex Trust, a digital asset custodian licensed in Hong Kong and Singapore, has received a Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The MVP license allows Hex Trust to provide a range of virtual asset
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Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub
Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as a global hub for digital assets. As the global landscape of digital assets evolves, Hong Kong is taking steps to
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ZA Bank Partners Wise to Enable Hongkongers to Make Remittances to 14 Currencies
Virtual bank ZA has partnered with online money transfer service Wise to offer low-cost and quick international money transfers to Hongkongers. ZA Bank users will soon be able to make international money transfers from HKD to 14 currencies, including AUD,
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Thunes Rolls Out Instant Payments for Weixin’s 1.3 Billion Users
Global cross-border payments network Thunes has partnered with Tencent Financial Technology, Tencent’s fintech arm, to allow members of its global network to send international payments to Weixin users. Weixin, with its international version known as WeChat, facilitates one of China’s
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China To Dominate The Insurtech Industry: New Report Shows
A new report estimated that China’s insurtech market would grow 36.88 percent CAGR between 2022 and 2031 to reach 34.05 trillion yuan (US$4.76 trillion). In 2021 alone, the market’s revenue was 1514 billion yuan (US$211.7 billion), according to Research Nester,
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Here’s How Okta Helped Singlife with Aviva Deliver a Seamless Login Experience
Singlife with Aviva was formed through the merger of Singlife and Aviva Singapore, bringing together one of the world’s oldest insurers with Singapore’s youngest homegrown financial services company. While the merger was officially completed in January 2022, it also presented
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Hong Kong Fintech Week 2022 Draws Millions of Views
Hong Kong FinTech Week (HKFW) 2022 concluded on November 4, wrapping up a landmark five-day event for Hong Kong fintech amid an eventful week for the city as it steps back on the world stage. The entire week attracted a
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