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Here Are the 5 Strategies Outlined in HKMA’s Fintech 2025 Plan
The Hong Kong Monetary Authority (HKMA) has unveiled “Fintech 2025”, its new strategy for driving fintech development in Hong Kong which includes further testing of Central Bank Digital Currencies (CBDCs). According to a statement by HKMA, the new fintech strategy
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UP Fintech, Huobi Technology, Sea, Razer Added in MSCI Global Indexes
Fintech firms UP Fintech, Sea, Huobi Technology and Razer were among the companies that were added to MSCI global indexes on May 27, 2021, reflecting their growth achievements. MSCI indexes are a measurement of stock market performance in a particular
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Accenture and Cyberport’s Fintech Innovation Lab Returns With More Opportunities for Startups
The Fintech Innovation Lab Asia Pacific program is returning for its eighth edition this year with more opportunities for young and promising startups. Founding partner Cyberport will be giving the finalists from the 2021 cohort the opportunity to participate in
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HKUST Inks Deal With Tencent Finance Academy to Nurture Fintech Talent
The Hong Kong University of Science and Technology (HKUST) signed a Memorandum of Understanding (MoU) with the Tencent Finance Academy (TFAHK) to nurture fintech talent. Leveraging HKUST’s academic foundation in fintech and Tencent’s practical industry experience, the MoU aims to
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Accenture and Cyberport’s Joint Fintech Accelerator Now Accepts Applications
Accenture’s Fintech Innovation Lab Asia Pacific in collaboration with Hong Kong digital tech park Cyberport is now accepting applications for its fintech accelerator until May 17, 2021. Applicants must have at least a working beta version of their technology. The
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Alibaba’s Ant Group Focuses Efforts To Be Carbon Neutral by 2030
Ant Group announced it will become carbon neutral by 2030, and pledged its support to bring down emissions through technological innovations, joining the urgent global efforts to curb climate change and its devastating effects. The company will also set up
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APAC’s Fintech Investments Hit a Six-Year Low in 2020
KPMG report found that fintech companies in Asia Pacific attracted USD 11.6 billion across 565 deals from venture capital, private equity and M&A in 2020, compared to USD 16.8 billion in 2019, reaching a six-year low. The pandemic saw a
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Cyberport’s HK$10 Million Fintech Subsidy Scheme Open for Applications
Hong Kong digital tech park Cyberport announced that the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau, is now open for applications with the Hong Kong government earmarking HK$10 million for the scheme. The scheme
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HKMA Urges Financial Institutions to Leverage New Digital Identity Platform iAM Smart
Hong Kong’s Office of the Government Chief Information Officer (OGCIO) has launched iAM Smart which provides all Hong Kong residents with a single digital identity and authentication to conduct government and commercial transactions online. All Hong Kong residents can apply
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HKSTP Launches Accelerator to Drive Banking Innovation
Hong Kong Science and Technology Parks Corporation (HKSTP) has launched the Banking, Financial Services and Insurance Accelerator 2021 (BFSI Accelerator). The BFSI Accelerator aims to bridge corporates and innovators to deliver breakthrough technologies and create a wide array of new
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