Posts by klare:

Hex Trust Appoints HKEX’s Former Advisor James Fok to Its Board

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 […]

How Will Hong Kong’s Digital Currency E-HKD Work?

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 […]

Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives

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 […]

Latest HKMA Regtech Guide Outlines Benefits of E-Governance, Risk & Compliance Platforms

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 […]

6 Reasons Why Hong Kong Is The Ideal Place for Fintech Startups

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 […]

Cyberport Venture Capital Forum to Return in November 2021

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 […]

HKMA Unveils List of 19 Eligible Banks for the Cross Border Investment Scheme

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 […]

ZA-Backed Startup Bloom Partners With Visa to Create a Cashback App

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 […]

Crypto Exchange Coinbase Plans to Roll Out NFT Marketplace

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 […]

PBOC’s Fintech Institute Taps Contour’s Blockchain Platform for Trade Digitisation

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 […]

Next Gen Finance Professionals Need to Embrace Major Upskilling to Keep Pace

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 Consumer Credit Market Improves Amid Rising Consumption, Economic Rebound

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 […]