Various

Bank for International Settlements (BIS) Appoints Bénédicte Nolens Its Hong Kong Head of Innovation

The Bank for International Settlements (BIS) today announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term from 1 July 2020. “I am delighted with Bénédicte’s appointment. Her deep

Read More

Standard Chartered Spends HK$60 Million to Support the Launch of Fintech Academy with HKU

The University of Hong Kong and Standard Chartered Bank jointly announced the establishment of a Fintech Academy with the latter offering HKD$ 60 million to support the launch of this initiative. The HKU-SCF Fintech academy is said to leverage the

Read More

CES China: Virtual Pitching Competition With 20 Swiss Startups

Despite the outbreak of the COVID-19 pandemic, 20 Swiss DeepTech startups will be taking the virtual stage in Asia this 10 June. Organized by swissnex China in collaboration with SwissTech, CES ASIA and Venture Leaders, with the support of institutional

Read More

DBS Hong Kong Launches Contact-Free Business Account Opening for SMEs

DBS Hong Kong is transforming the traditional business account opening process for SMEs into a fully virtual and contact-free banking experience that can be completed in as quickly as just two days, anytime and anywhere. By making business account opening

Read More

5 Fastest Growing Fintechs in Hong Kong According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

Read More

Hang Seng’s Virtual Assistant H A R O is Now Available on WhatsApp

Hang Seng announced that its retail banking virtual assistant H A RO has just been made available on the instant messaging platform, WhatsApp. The bank’s customers will be able to message H A R O to get the most up-to-date

Read More

HKMA Unveils Industry Plan to Help Hong Kong’s Economy Overcome COVID-19 Outbreak

The Hong Kong Monetary Authority (HKMA) together with the major banks and HKMC Insurance Limited (HKMCI) met representatives from the commercial sector (including Members of the Legislative Council) today to exchange views on the effectiveness of banks’ measures to support

Read More

The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

Read More

24 Fintech Unicorns Were Born in 2019

In 2019, a record of 24 fintech unicorns were born, with more than half of them (13) being from the US, according to data from CB Insights. Following the US is Germany with three new fintech unicorns, and the UK

Read More

Digital Assets Firm FinFabrik to Integrate Chekk’s KYC Solution

FinFabrik signed a Memorandum of Understanding (MOU) with Chekk to integrate Chekk’s KYC capabilities to its market infrastructure “CrossPool”, enabling financial institutions in private markets to grow new digital asset businesses powered by distributed technology. CrossPool is built to serve

Read More