Hong Kong Archives - FinTech Futures

Hong Kong

Dutch VC Finch Capital snaps up Wirecard’s APAC assets

The purchases were made through Nomu Pay.

HSBC’s Hang Seng Bank to appoint first female chairman Irene Lee

In the short-term, Lee’s focus is on putting Hong Kong’s economy “back on the road to recovery”.

Hong Kong and China pair up on digital currency experiment

The two have joined with Thailand to promote commerce in Southeast Asia.

Owner of Hong Kong robo-advisor Aqumon lands Alibaba-backed $30m

Aqumon offers B2C and B2B solutions.

Hong Kong challenger WeLab Bank goes live on Temenos Transact

The neobank launched a few months ago.

Chinese regulator approves Hong Kong leg of Ant’s $30bn IPO

The company still needs approval from the Hong Kong stock exchange’s listing committee.

Airwallex adds $40m to Series D round, hits $200m raised for 2020

Aussie-founded fintech plans to use cash to expand into new markets.

Standard Chartered launches Mox Bank in Hong Kong

The virtual bank uses Thought Machine’s core banking system.

Hong Kong virtual bank Livi picks Wolters Kluwer for regulatory reporting

New bank wants OneSumX to cover its compliance.

HKEX appoints Credit Suisse’s Richard Wise as new CRO

Wise steps in to replace John Killian, who retires from the role.

Standard Chartered hires new global head of technology

Cat Rüst joins the bank from an executive role at UBS.

BIS and HKMA launch trade technology challenge

New scheme kicks off with approval from a handful of Chinese regulators.

HSBC and Microsoft partner to support Hong Kong SMEs

The two firms have signed a year-long partnership.

Third wave of COVID-19 forces Hong Kong banks to close branches

11 lenders will partially or completely shut down operations at some 58 branches.

Alibaba’s Ant plans Hong Kong IPO

“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.

Railsbank signs on Hong Kong fintech Statrys

Open banking platform continues expansion in Asia.

HKEX announces sustainable finance exchange Stage

Hong Kong exchange plans to educate stakeholders on the benefits of ESG.

HSBC launches e-wallet PayMe for teens in Hong Kong

The adult version already has 1.9 million customers across Hong Kong.

Europe Map

Niche Global picks Volante to underpin European entry

Hong Kong payments firm plans market expansion with Volante.

Singapore’s GoBear snaps up fintech AsiaKredit

GoBear’s bank partners will be able to tap underserved consumers.

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SoFi acquires Hong Kong stock trading app 8 Securities

“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.

Hong Kong challenger ZA Bank picks OneSumX for regulatory reporting

The first virtual bank in Hong Kong selects Wolters Kluwer system.

Singtel’s NCS and NETS to develop electronic payments platform for central banks

Singtel’s NCS and NETS to develop electronic payments platform for central banks

The firms will also create a “next-generation” suite of central banking products.

Fintech Neat lands $11m to help SMEs trade between Asia-Pacific and Europe

The fintech landed Visa as an investor and new card partner.

Virtual bank Airstar launches pilot in Hong Kong

The digital bank will onboard roughly 2,000 customers.

Hong Kong’s first virtual bank opens its digital doors

Za Bank launches with incumbent-challenging interest rate.

HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans

This is the first time HSBC will use third-party data to approve trade finance loans.

Standard Chartered unveils new Hong Kong challenger bank Mox

The bank’s card will be numberless to prevent fraud.

First Digital Trust bags $3m investment led by Nogle

FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.

HSBC to cut 35,000 jobs in a major restructure to boost returns

Job loss figure more than triple the number expected to be cut by the bank.

Hong Kong’s virtual challenger Za Bank selects Fiserv for card payments

Fiserv’s VisionPlus will power Za Bank’s entire card payment lifecycle.

Nasdaq names HKEX’s Roland Chai as its new CRO

Chai was previously head of post-trade at HKEX.

UK court orders Bitfinex to freeze $860,000 in bitcoin

Chainalysis traced the funds to a ransomware payment through Bitfinex’s platform.

Know Your Customer and Botsync close first $2.5m on Hong Kong’s AngelHub

The rounds are part of a larger $50 million Series C round by AngelHub.

Hong Kong’s sustainable finance start-up MioTech closes Series A funding

The start-up wants to expand its presence in Singapore and Mainland China.

HSBC to shut down Hong Kong ATMs after protest vandalism

Protestors also attempted to damage the bank’s famous lion statues.

Hong Kong’s fintech WeLab raises $156 million to launch WeLab Bank in 2020

Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.

Hong Kong’s Hang Seng Bank to unveil 600 cardless ATMs

The ATMs will use contactless technology and QR codes.

ABN Amro live with Temenos payments tech in Hong Kong

Singapore and China are next on ABN Amro’s Temenos Payments roll-out list.

Tandem appoints former HSBC exec as chief growth officer

Malani will spearhead Tandem’s international expansion into Hong Kong.

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