HKMA receives 29 applications for virtual licences
Only ten might meet all requirements.
Hong Kong
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
Industrial Bank goes live on Avaloq core banking system
Will be used for its Hong Kong branch’s private banking business.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Hong Kong hastens open banking ambitions
Hong Kong Monetary Authority publishes API framework.
Hong Kong banks setting up trade finance blockchain platform
With ambitions of expansion across industries and jurisdictions.
Case study: DBS – the edge
DBS is shaping up to be a fintech innovator. What projects is it working on?
Hong Kong digital bank Neat nabs tidy $2m funding
Will be used for new features, tools and recruitment.
Patients are a virtue in pacey Prudential claims process
Paperless and chatbots are the cure in Hong Kong.
Daon and Tradelink bring biometric tech to Dah Sing Bank
Dah Sing Bank will leverage Daon’s IdentityX platform to offer both fingerprint and facial authentication.
Standard Chartered Hong Kong to apply for virtual banking licence
To grab a share of the digital and financial inclusion markets.
SuperCharger’s latest programme raises $14.4m and inks 47 deals
SuperCharger accelerator results in 47 deals after 12 weeks, and a lot of funding.
BNY Mellon and Deutsche Bank launch co-developed chatbot for traders
BNY Mellon and Deutsche Bank launch chatbot for trading on the HKEX.
Finovate in 2018: a search for fintech’s frontier
Where is the future of fintech?
Julius Baer live with Temenos wealthtech
Private banking group has completed its migration.
Jeneration game for fintech with new $800m fund
All right, my loves? Bonus news from Hong Kong-based investor.
Six and the Citi unveil API partnerships in Hong Kong
Covering cards, customers, money movement, onboarding, and pay with points.
US sanctions impact on Hong Kong fintech
The stakes could not be higher.
Standard Chartered brings eXellerator innovation lab to Hong Kong
Shiny, speedy and 10,000 square feet.
Infographic: the power of $1
Instarem presents a series of infographics to find out what $1 can do for you.
Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Hong Kong regulator mulls academy of finance
The financial secretary in the 2018-19 budget tasked the HKMA to look at this.
Hong Kong’s fintech scene gets budget boost
Financial services and fintech sectors get handy boost of $63.9m over next five years.
Ripple powers LianLian’s payments to China
Hong Kong-based money service will use xCurrent blockchain solution.
Standard Chartered signs for Moneythor’s digital banking toolkit
The project is in line with Standard Chartered’s objective to be “the digital bank with a human touch”.
First blockchain-based bancassurance network launched in Hong Kong
AIA Hong Kong, a subsidiary of pan-Asian life insurance group AIA, has launched a blockchain solution for bancassurance.
Top fintech stories this week – 27 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Standard Chartered and SuperCharger return for third cohort in Hong Kong
SuperCharger, a fintech accelerator in Asia, has unveiled the opening of applications for its third programme in Hong Kong.
ITF to become “the world’s first fintech bank”
A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros).
Hong Kong’s SFC unveils regtech sandbox
Hong Kong’s Securities and Futures Commission (SFC) has launched its SFC Regulatory Sandbox to provide a place for firms to test out their ideas. Like other regulators, the SFC says: “For the sake of market integrity and better investor protection, the reliability of the delivery of such financial services as well as the firms’ internal […]
Hong Kong regulator’s no phoney for banking plans
The Hong Kong Monetary Authority (HKMA) has unveiled a number of initiatives as it looks to improve the region’s use of payments, APIs and innovation. In a speech delivered during the Annual Banking Conference of the Hong Kong Institute of Bankers, Norman Chan, chief executive of the HKMA, outlined its grand ambitions. Chan says: “The […]
CK Hutchison and Ant Financial form JV for Hong Kong payments plan
Conglomerate CK Hutchison and Ant Financial have formed a joint venture (JV) to offer a digital wallet under the AlipayHK brand, with the aim to integrate online and offline payments in Hong Kong. Ant Financial says AlipayHK got over 100,000 active users in the first two weeks after its launch last May. The mobile app […]
HSBC and friends team up for integrated SME accounting
HSBC is expanding its existing bank feed services with the launch of a new online tool that enables SMEs to establish a data feed from their bank account to their accounting software. Its customers can now connect their bank accounts to their choice of accounting package – namely Xero, Sage and Intuit. Nadya Hijazi, global […]
Swift’s gpi powers DBS cross-border payments tracking debut
Corporates and SMEs in Singapore and Hong Kong can now track their cross-border payments via DBS, using Swift’s global payments innovation (gpi). DBS says it is the first bank in the two countries to execute cross-border payments with end-to-end tracking, “helping corporates and SMEs become more efficient in their cash management”. In the past, DBS […]
Dubai and Hong Kong hug for fintech innovation
The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have entered an agreement to establish a framework of co-operation for fintech innovation. Both authorities will share information on developments and the agreement “also intends to encourage both regulators to refer innovative firms to one another’s markets and to […]
Symphony Communication Services makes its Asia debut
Hong Kong-headquartered capital markets and investment group CLSA has deployed Symphony Communication Services collaboration platform across its entire business. The roll-out of Symphony to CLSA’s 1,900 employees is its largest deployment to date by an Asia-headquartered firm. CLSA joins a community who connect on Symphony, comprised of over 220,000 corporate users from 190 firms. CLSA […]
Hong Kong regulator grins thanks to financial inclusion wins
The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 August) to understand the situation of branch services from bank representatives and staff, and […]
LGT in regtech revamp with Wolters Kluwer
Liechtenstein’s private bank and asset manager LGT is working on a regtech project with Wolters Kluwer. LGT is implementing the vendor’s OneSumX platform for the regulatory reporting and risk management of its Asian operations – in Singapore and Hong Kong.
Hong Kong kicks off fintech career accelerator scheme
Fintech is coming on strong in Hong Kong with the unleashing of a career accelerator scheme to tap into the juicy veins of young blood. The Hong Kong Monetary Authority (HKMA) and the Hong Kong Applied Science and Technology Research Institute (ASTRI) have launched their Fintech Career Accelerator Scheme (FCAS) induction day today (27 July), […]
