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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
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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
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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
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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
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HK-Based Fintech Awarded “Most Innovative” in Alibaba’s Global Pitch Competition
The Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2020 Global Pitch Competition Grand Finale today announced the top five winners at the close of the two-day event with 20,000 supporters from 100 countries and regions participated online. Up to a total US$5 million
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How Hong Kong’s Financial Regulator is Doubling Down on Data Science
It’s evident to observers of the space that fintech has been one of Hong Kong Monetary Authority’s priorities in the recent years. Over the past few years, the regulator has introduced many new initiatives including the widely known Faster Payment
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Top 9 Upcoming Fintech Events in Hong Kong in 2020
Despite political unrest, the Hong Kong startup ecosystem has continued to grow with the number of fintech companies based in the territory now exceeding 600. Hong Kong fintech company have raised US$1.1 billion over the past five years, and the
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Hong Kong Fintech Week 2020 to Return in November
InvestHK today announced that its fifth annual Hong Kong Fintech Week will take place from November 2 to 6 at AsiaWorld-Expo in Hong Kong and in Shenzhen. InvestHK also outlined some of its activities and programmes planned for the months
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Ping An Technology and Intel Sets up Innovation Lab
Ping An’s announced a collaboration between its technology arm Ping An Technology and Intel to establish a joint laboratory where they will collaborate on developing new products and technologies. The two companies will form a joint project team in areas
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A Review of Hong Kong’s Fintech Developments in 2019
Hong Kong, one of the world’s leading international financial centers, has a burgeoning fintech ecosystem with more than 600 companies, a large pool of investors and acceleration programs, and a supportive government that has committed to establishing a favorable environment
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