Hong Kong
The Opportunities and Challenges Facing E-Wallets in Hong Kong
Since their inception in 2016, Stored Value Facilities (SVFs) have rapidly expanded, with the market now served by an intriguing mix of thirteen non-bank licensees, plus four traditional banks that also operate SVFs. Of these seventeen, six have emerged as
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HKMA’s Fintech Roadmap Propels Hong Kong Towards Future Financial Innovation
In recent years, the fintech landscape in Hong Kong has emerged as a transformative force, driving the evolution of the global financial services industry. Its impact extends beyond convenience, as fintech solutions have empowered financial institutions to expand their product
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Top 5 Funded Fintech Companies in Hong Kong in 2023
With an advantageous geographical location, robust financial sector, and an innovative, conducive regulatory environment, Hong Kong has become a vibrant epicenter of fintech activity. Despite its size, the city has managed to create a dynamic ecosystem that encourages startups to
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What It’s Like Working in the Fast-Paced Hong Kong Fintech Jobs Market
With a dedicated and longstanding commitment to an innovation-enabled financial landscape, the fintech jobs environment in Hong Kong is significantly developed and advanced. The territory has gained significant attention by focusing on developing intricate systems for digital banking, finance, insurance,
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HKMA Steps Up Pressure for Banks to Accept Crypto Companies as Clients
Hong Kong’s financial regulators will be holding a second meeting with stakeholders from the banking and cryptocurrency industries to address the challenges crypto companies face in accessing banking services in the city, people familiar with the matter told Bloomberg on
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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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Fintech Reaches Mainstream Adoption in Hong Kong with 94% Penetration
In Hong Kong, fintech is reaching mainstream adoption among consumers. Digital payments are becoming the norm in people’s daily lives, virtual banking and wealthtech are gaining rapid traction, and virtual assets are emerging as a legitimate new asset class that
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Hong Kong Urges FSI to Support Crypto Firms With ‘Basic Banking Services’
The Hong Kong Monetary Authority (HKMA) has urged the banking sector to provide services to licensed virtual-asset firms as part of the city’s ambition to become a leading crypto hub. Last week, the Hong Kong financial regulator issued a circular
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11 Must-Attend Fintech Events in Hong Kong in 2023
After more than two years with its borders closed, Hong Kong has finally loosened its pandemic-related restrictions, first, by reopening to non-residents May 1, 2022, and then, in September 2022, by removing quarantines for arrivals. Most recently, Hong Kong and
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Hong Kong Trails Behind Singapore in Digital Insurance
Hong Kong is being overshadowed by Western countries and Singapore in online insurance, a lag that can be partly explained by the Hong Kong insurance industry’s heavy reliance on physical agents, a new report by French consultancy Sia Partners says.
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