Archive
Are We Seeing the End of the “Growth at All Cost” Era?
2022 was a trying year for the global fintech industry, which faced several macroeconomic challenges, including rising inflation, skyrocketing costs of living and a looming global recession. Venture capital (VC) funding plummeted 46% last year compared with 2021 as investors
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Endowus Expands Footprint With Official Kick off in Hong Kong
Digital wealth platform Endowus has officially launched its digital wealth management services in Hong Kong, its first overseas expansion market after Singapore. Investors can start building single and multi-fund portfolios via the Endowus Fund Smart solution, offering over 140 funds
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HKMA Calls for Improved Mobile Payment Security, Deadline Set for May 31
The Hong Kong Monetary Authority (HKMA) has issued new requirements for authorised institutions (AIs) to enhance security controls when binding payment cards to contactless mobile payment services, such as Apple Pay, Google Pay, and Samsung Pay. This move comes in
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Fintech Outsourcing Philippines: Powering China’s Digital Innovators’ Global Expansion
The Philippines has rapidly emerged as the world’s leading contact outsourcing destination, providing fintech companies with advanced technology and multilingual support they need to operate and expand globally. As China continues to experience rapid fintech adoption, innovation, and disruption, companies
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Citi: Mass Adoption of Blockchain Will be Driven by CBDCs, Tokenization, Gaming
Adoption of blockchain is nearing an inflection point as central banks ramp up digital currency initiatives and consumers continue to embrace tokenization and Web3 gaming, Citi analysts said in a new report. The paper, titled Money, Tokens, and Games: Blockchain’s
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How Hong Kong’s New Crypto Rules Could Renew Its Status As a Financial Hub
Hong Kong has been a key financial centre in Asia and around the world, but it faces fierce competition from Singapore. In recent years, Singapore has emerged as a major fintech hub and has attracted multinational and Chinese companies, as
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Crypto Exchange OSL Pilots AI-Powered Chatbot With ChatGPT Plugin
OSL, a SFC-licensed digital asset platform and member of BC Technology Group, has launched an Artificial Intelligence (AI) Trader Bot to offer an improved user experience to its clients. The beta client facing implementation of the AI initiative is expected to
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Deconstructing the Evolution of the Fintech Sector in Asia
Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it has undergone a massive evolution. A fluctuating economic climate has seen some startups go public, while others have gone under
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Airwallex Rolls Out Its Global Payments Services in Canada
Airwallex has announced the launch of its global payments services in Canada, enabling local businesses to access its key offerings. This includes local currency accounts in over 12 currencies, a multi currency wallet in 44 currencies and payouts to 150
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Manulife Hong Kong Strengthens C-Suite Bench With Two Appointments
Manulife Hong Kong announced the appointments of Thaddeus Yu as Chief Strategy Officer and Alice Li as Chief Communications Officer, for its Hong Kong and Macau operations. Yu, as Chief Strategy Officer, succeeds Carrie Tong, who was recently appointed as
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