Various

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

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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

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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

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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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