Lending
Neat Snubs Virtual Banking License and Picks Up The Money Lender License Instead
The fintech startup Neat, a digital banking alternative, has been granted a Money Lender’s License in Hong Kong, which marks their first step in their pursuit of global financial regulation. The move also marks Neat’s full turn away from virtual
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How Does Hong Kong’s Digital Lending Scene Compare to The Disaster in China
P2P lending and digital lending has been on the rise lately, with many countries moving to regulate the space. Conventional digital lending has been met with far less controversy than its counterpart P2P lending. While P2P lending has been created
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Their Business Faced Roadblocks, So Didi is Now Mirroring Alibaba’s Fintech Game Plan
The company that drove Uber out of China, Didi Chuxing, comes into the new year embroiled in controversy. About a month ago, Didi announced a major restructuring—the latest development in series of platform tweaks after it came out that the
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Skype Co-Founder’s Lending Startup Raises US$105 Mil
Oriente, the Hong Kong-based financial services and technology company announced today that it had completed a US$ 105 million initial funding round. This included investment from the founders and a group of family offices including members of the Berjaya Group,
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Neat Bundles Up Invoice-Buying P2P Startup to Sell Discounted Services
Invoice financing company Capital Match, and SME current account platform Neat, announce a stronger partnership. Through this collaboration, both parties hope to provide more cost-effective account management and financing services geared towards SMEs in Hong Kong through their collaboration. Established in
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Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors
Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60 billion, a huge jump from when the company last valued at US$ 18.5 billion in 2016. Unfortunately, a rampant slew of Peer-to-Peer
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China’s P2P Lending: The House of Cards Crumbles
Over the past decade, millions of Chinese investors sunk their cash into thousands of peer-to-peer (P2P) lending platforms. These were promised steady growth, big dividends, and a chance to put financial worries behind. But over the past months, a wave
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MYbank Will Share Its Risk Management & AI Data With 1K Financial Institutions In China
Alibaba-backed MYbank, a Chinese online bank with a focus on lending, announced that it will be opening up its artificial intelligence, computing and risk management capabilities to financial institutions in China, in what is called their Star Plan. Through these
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Guidelines for Fintech in Personal Lending in Hong Kong
The Hong Kong Monetary Authority (HKMA) issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines allow banks to adopt innovative technology to manage credit risks related to personal lending business, in a bid to improve
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Peer-To-Peer Lending and Digital Lending Players In Hong Kong
Despite being a global financial center with a thriving fintech sector, Hong Kong has lagged behind in the crowdfunding and peer-to-peer lending space. Experts and industry observers have argued that the lack of clear guidance and regulatory framework has hampered
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