Archive
PETRONAS FutureTech 3.0 Shortlists 20 Local and Asia Pacific Startups
PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator programme. The PETRONAS FutureTech 3.0, co-organised with StartupX, a Singapore-based innovation, venture and startup enabler,
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Thunes Opens Beijing Office as Part of US$14M Investment to Build China Presence
Thunes, the global B2B payment infrastructure platform, has opened a new office in Beijing which will become the headquarters for its Greater China activity. The firm has invested CNY100 million (approximately US$14 million) to establish Thunes China, which will serve
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Mox Bags License to Roll Out Hong Kong and U.S. Equity Trading Services
Virtual bank Mox announced that it has obtained a Type 1 (dealing in securities) license from Hong Kong’s Securities and Futures Commission (SFC) to enable it to roll out Hong Kong and U.S. equity trading services. Mox will soon pilot
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livi bank and FWD Launches All-In-One Pet Insurance Offering
Hong Kong’s virtual bank livi has partnered with FWD General Insurance (FWDGI) to jointly launch a comprehensive pet insurance offering. Customers can easily apply for the Pet Care offering through the livi app. The insurance covers pet cats and dogs
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BOCI Issued First Tokenized Notes, Originated by UBS and Placed to Its Clients in Hong Kong
BOCI (Bank of China) has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients
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High Customer Costs a Drawback for Hong Kong’s Digital Banks Profitability
In the ever-evolving landscape of banking, even developed markets like Hong Kong face changing customer demands that traditional banks may struggle to meet. This has created an opportunity for digital banks to step in and offer highly personalized and digital
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HSBC Launches Innovation Banking Brand
HSBC has unveiled the HSBC Innovation Banking, which includes the former Silicon Valley Bank UK (SVB UK) as well as newly formed innovation teams in Hong Kong, Israel, and the US. The innovation-focused HSBC teams in the US, Israel and
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Lawmaker Invites Coinbase to Set Up in Hong Kong Amidst U.S. Crackdown
Lawmaker Dr Johnny Ng has extended an invitation to all global virtual asset trading operators including the likes of Coinbase to apply for a license and “further development plans” in Hong Kong. I hereby offer an invitation to welcome all
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Purposeful Coexistence in Your Journey to a Digital Core
The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences
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10 Companies Vying for the Hong Kong Retail Crypto License
New regulations governing cryptocurrency exchanges came into force in Hong Kong on 1st June, now allowing these crypto platforms to cater to retail customers, provided they attain and comply with licences aimed at improving investor safeguards. In order for digital
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