Hong Kong
Cyberport-HKIB Regtech Demo Day Showcases Hong Kong’s Booming Regtech Sector
At Regtech Demo Day on March 3 and 4, seven of Cyberport’s fast-growing regulatory technology (regtech) startups showcased their latest fintech solutions to hundreds of industry stakeholders. The two-day event, organized by Cyberport and the Hong Kong Institute of Bankers
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Hong Kong’s Next Phases of Open Banking Presents Exciting Opportunities
Two years into the implementation of open banking and Hong Kong is now heading into Phase III and Phase IV of its strategy, which will see account information and customers’ transactions being made available to third-party providers. As the region
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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes
A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with
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Cyberport & R3 Identify Potential Blockchain Projects in Block adVenture
Hong Kong digital tech park Cyberport has partnered with R3, a distributed ledger and blockchain software development company, for its accelerator programme Block adVenture where so far 10 teams have been selected. The three-month startup programme focusing on blockchain technology
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6 Developments That Shaped Hong Kong’s Fintech Industry in 2020
Hong Kong’s fintech industry continued to grow in 2020, on the back of rising adoption by incumbents and a rapidly expanding startup community. 86% of banks have adopted or plan to adopt fintech solutions across all types of financial services,
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Top 8 Most Well-Funded Fintech Startups in Hong Kong 2020
Hong Kong is amongst the world’s top ten fintech hubs, and home to at least eight unicorns including cross-border payment services provider Airwallex, digital wallet operator TNG Fintech, and online lending platform and virtual bank operator WeLab. Over the past
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Digital Payment Startup Statrys Raises US$5 Million in Closed-Door Funding Round
Statrys, a Hong Kong-based digital payment services platform, has raised US$5 million in a closed-door funding round with an angel investor in the region. Statrys is a payments solution alternative geared towards SMEs, startups, and entrepreneurs who require flexible banking
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Hong Kong Fintech Week 2020: 27 Sessions Not to be Missed
Next week, Hong Kong’s annual flagship fintech event, Hong Kong Fintech Week, will take place virtually, featuring 350 global speakers, including fintech entrepreneurs, investors, regulators, and academics, as well as 500 fintech exhibitors and 30 delegations. Themed “Humanising Fintech,” this
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Hong Kongers’ Want Personalised Wealth Management Says Quantifeed Report
Hong Kong investors show a growing preference for trusted and personalised wealth management solutions amid the pandemic, according to a new report released by Quantifeed, a provider of digital wealth management solutions. The report, “State of Wealthcare – Disconnects Between
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Cyberport’s Incubatees PortfoPlus and 10Life Aim to Simplify Insurance
Hong Kong’s insurance industry worth US$66 billion (HK$552 billion) in the past years has provided a fertile ground for the digitalisation push by innovative insurtech startups in the region. The current pandemic has created a positive shift to accelerate digital
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