Hong Kong-based digital asset custody service provider Hex Trust announced that James Fok has joined its advisory board. James brings with him over 20 years of experience in capital markets and the financial services industry across several key management positions, and as an advisor to corporations and governments. His experience and extensive network will be […]
A recent report commissioned by the Hong Kong Monetary Authority (HKMA) had highlighted a series of recommendations to promote the development of regtech talent in Hong Kong. As laid out in the HKMA’s white paper entitled “Transforming Risk Management and Compliance: Harnessing the Power of Regtech”, the shortage of regtech talent was identified as a […]
Invest Hong Kong (InvestHK) announced details of Hong Kong Fintech Week 2021, themed “Scaling Fintech Future Together”, which will be held in hybrid form, comprising both physical and virtual formats, from November 1 to 5. The sixth edition of Fintech Week was organised by the Financial Services and the Treasury Bureau (FSTB) and InvestHK, and […]
The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on a retail central bank digital currency (CBDC), proposing an architecture that would follow the key principles of safety, efficiency, and openness. The paper, titled e-HKD: A technical perspective, shares findings from a technology experimentation study, exploring potential architectures and design options for issuing […]
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for their cooperation on fintech innovation and supervisory exchanges in the region. The two regulators have agreed to link up the PBOC’s Fintech Innovation Regulatory Facility with the HKMA’s Fintech Supervisory Sandbox in the form of […]
Banks and financial institutions are faced with critical challenges in their current governance, risk, and compliance (GRC) approaches, which often times involve inefficient and cumbersome processes requiring an excessive amount of manual work with disconnected and varied results. This challenge is further exacerbated with the constant addition of new guidelines to adhere to and new […]
OSL, a SFC-licensed digital asset platform and member of BC Technology Group, announced that it has expanded access to its crypto trading platform to professional and institutional customers in Latin America, with zero trading fees until the end of the year. OSL Exchange provides clients with access to a global liquidity pool that is powered […]
Hong Kong’s business-friendly environment, financial and operational support, strategic position in Asia-Pacific (APAC) and advanced technical infrastructure provide ideal conditions for fintech startups looking to scale, grow and crack the Asian market. Home to more than 460 fintech companies, including several unicorn startups, Hong Kong has emerged as one of the world’s most dynamic fintech […]
Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with participation from existing investor Sun Life Hong Kong. Mitsui is said to be one of the largest Japanese trading firms, and the largest shareholder in IHH Healthcare Berhad, which is one of the world’s largest […]
The Cyberport Venture Capital Forum (CVCF), its premier annual venture forum will return on the 2-3 November with the theme of “Venturing for Success: Resilience, Growth & Opportunity”, bringing together industry leaders, investors, enterprises and technopreneurs. CVCF 2021 will take place in a hybrid format to discuss and share insights on trends in the global I&T […]
The Hong Kong Monetary Authority (HKMA) has released the list of 19 eligible banks in the country which can launch the cross border Wealth Management Connect (WMC) services. These banks, together with their respective Mainland partner banks whose eligibility have been confirmed by the regulators, can start providing cross border WMC services together from today […]
Bloom, a Hong Kong-based technology startup backed by ZA International, announced a collaboration with Visa to create a cashback app. The technical support for Bloom is provided by Visa’s back-end system for processing card transactions. Bloom can distribute instant rebates by identifying eligible transactions and Visa cardholders, enabling reward redemption in a timely manner. Powered […]
Cryptocurrency exchange Coinbase announced the launch of “Coinbase NFT”, a peer-to-peer marketplace for the minting, purchasing, showcasing, and discovering non-fungible tokens (NFTs). The crypto exchange said that it wanted to make NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. Coinbase will be adding social features that open new avenues […]
Singapore based digital trade finance network Contour has partnered with the Shenzhen Fintech Institute, a subsidiary of The People’s Bank of China (PBOC) to look at opportunities to boost China’s trade ecosystem and further the adoption of trade digitisation across Asia. As the world’s largest exporter and home to one of the top three letter […]
During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend had already started before the pandemic, it was greatly accelerated when bank branches closed and […]
Refinitiv’s new report “Workspace Without Limits” explores the data challenges financial professionals are facing, and the role that technology, interoperability and programming skills play in solving for some of these challenges; enhancing productivity, and helping firms differentiate against the competition. Key findings from Refinitiv’s report Refinitiv’s survey of 1,200 financial professionals shows new ways of […]
Hong Kong’s consumer credit market improved in Q2 2021 as the local economy continued to rebound from the impact of COVID-19 and private consumption increased 6.5% year-on-year (YoY) increase, according to TransUnion’s Q2 2021 Industry Insights Report. In Q2 2021, new credit growth was seen across all major consumer credit categories but credit cards mainly […]
Hong Kong boasts of a thriving fintech scene with a dynamic environment that can help fintech start-ups to scale up and expand. Hong Kong has also been recognised by KPMG as one of the leading technology hubs outside Silicon Valley. However, to ensure that it remains a top fintech hub, it is important for Hong […]
The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on retail central bank digital currency (CBDC), titled “e-HKD: A technical perspective”. Building on the experience in wholesale CBDCs, in June 2021, the HKMA has started a study on the prospect of issuing retail CBDC in Hong Kong, i.e. e-HKD with the Bank for […]
In its sixth edition, Hong Kong Fintech Week will completely reinvent your previous event experience by combining a physical conference in Hong Kong Convention and Exhibition Centre with digital access from anywhere in the world. With only a few weeks left before the most anticipated event of the year, Hong Kong Fintech Week 2021 on […]