Tagged: hong kong

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

SuperCharger Fintech Accelerator Raises $14.4 Million, Lands 47 Deals in Most Recent Hong Kong Cohort

SuperCharger FinTech Accelerator, along with their leading partner Standard Chartered, has shared their success of their program. Through the most recent 12-week session, the SuperCharger cohort companies have achieved 47 commercial deals and raised US$ 14.4 million while receiving 17 awards. This year’s program is… Read More

SuperCharger Fintech Accelerator Demo Day 2018

Hong Kong / Kuala Lumpur based SuperCharger Fintech Accelerator has scheduled its demo day for June 8th. Sponsored by Standard Chartered Bank, the event is to celebrate the end of its Hong Kong 2018 Program, and to showcase the achievements of the 10 Fintech startups… Read More

China: WeiyangX Fintech Review

International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More

Citi Announces Six Open API Partnerships in Hong Kong

Citi announced on Tuesday that six strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available what the financial giant calls “easy and speedy” banking services in response to consumers’ increasingly digital… Read More

Blockchain Asset Private Bank BitUN Announces Partnership With Ping An Blockchain Research Institute

Blockchain asset private bank BitUN announced on Friday it has formed a partnership with Ping An Blockchain Research Institute to promote the development of the blockchain market. The duo reported that they have joined forces to conduct research in blockchain market analysis, project rating, blockchain innovative… Read More

Hong Kong Polytechnic University Teams Up With AMTD to Launch AMTD FinTech Centre of Business Faculty

The Hong Kong Polytechnic University (PolyU), announced on Thursday it has teamed up with AMTD Group Company and AMTD Foundation to launch a new university-industry collaborated fintech center. According to PolyU, the AMTD Fintech Center of PolyU Faculty of Business aims to enhance Hong Kong’s capabilities to… Read More

Standard Chartered Opens Innovation Lab in Hong Kong

Standard Chartered announced on Monday it has opened its latest innovation lab, the eXellerator, in Hong Kong. The new lab will be located in the bank’s building in Kwun Tong and is designed and created by WeWork. While sharing more details about the lab, Mary… Read More

Temenos Names AI Solution vPhrase Winner of Innovative Jam Hong Kong Fintech Competition

Temenos (SIX: TEMN), a banking software company, announces on Thursday that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition. Held in conjunction with Fintech Supercharger, an Asia fintech accelerator, the Hong Kong Innovation Jam, brought together eight fintech… Read More

Hong Kong’s PolyU Teams Up With Australia’s Monash University & CollinStar Capital For Blockchain Research

On Wednesday, Hong Kong Polytechnic University (PolyU) joins forces with Australia’s Monash University and CollinStar Capital to establish a university-industry joint research laboratory on blockchain and cryptocurrency technologies in Hong Kong. The organization reported: “Blockchain, a technology that underpins cryptocurrencies, has substantial potential to transform… Read More

InvestHK UK Fintech Award: Fintech Mosaic Smart Data Wins Top Prize

Mosaic Smart Data, a London based Fintech that helps financial institutions in adapting to regulatory change, has won the inaugural InvestHK UK Fintech Awards.  The recognition was revealed by InvestHK  along with the UK Department for International Trade. The competition received 30 submissions from UK based… Read More

Hong Kong Trade Finance Platform Qupital Signs Financial Strategy Agreement With Alibaba

Qupital, a Hong Kong-based trade finance platform, announced last week it has signed a financial strategy agreement with Alibaba. According to Qupital, The collaboration enables qualified Gold Supplier members of Alibaba to free up working capital easier through its platform. It was also reported: “Under this agreement, Alibaba Gold… Read More

InvestHK: Hong Kong Fintech Week will Expand from Hong Kong Into Shenzen

The 2018 Hong Kong Fintech Week, hosted by Invest Hong Kong (InvestHK), will put a new spin on their annual, week long event. According to InvestHK, the 3rd annual Hong Kong Fintech Week, which runs from 29 October to 2 November 2018, will become a… Read More

BnkToTheFuture Files $30 Million Reg D with SEC

BnkToTheFuture has filed a Reg D 506c indicating its intent to raise $30 million. The recent filing, under the entity of BnkToTheFuture BFT SP – a Segregated Portfolio of BnkToTheFuture Capital SPC, with the Securities and Exchange Commission (SEC) stated the first sale commenced on February… Read More

Securities Commissioner of South Carolina Issues Cease & Desist to Two International Cryptocurrency Miners

The Securities Commissioner of South Carolina, part of the office of the Attorney General of the state, has issued a Cease & Desist Order two global cryptocurrency miners: Swiss Gold Global and Genesis Mining. Genisis Mining is based in Hong Kong. Swiss Gold Global is… Read More

GTR Ventures Invests in Five Trade Fintechs: Tradeteq, eFundSME, Culum Capital, IncomLend & Trade Finance Market

GTR Ventures, an investment and venture platform that is specializing in the global trade and supply chain financing sector, has announced investments in five Fintechs based in the UK and Asia: Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. Launched in September 2017 with… Read More

Hong Kong Monetary Authority Signs MoU With Polish Financial Supervision Authority to Enhance Fintech Collaboration

The Hong Kong Monetary Authority (HKMA) announced on Friday it has signed a Memorandum of Understanding (MoU) with the Polish Financial Supervision Authority (KNF) exchanged a Memorandum of Understanding (MoU to enhance fintech collaboration between the two authorities, with a view to strengthening co-operation between… Read More

Hong Kong Issues Consultation on Authorization of Digital Banks

The Hong Kong Monetary Authority (HKMA) has released a revised “Guideline on Authorization of Virtual Banks” as part of a public consultation. Hong Kong, initially slow to embrace the Fintech revolution, has since increased their innovative velocity in financial services. The HKMA welcomes digital challenger… Read More

China: WeiyangX Fintech Review

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

Hong Kong Securities and Futures Commission Warns on ICOs, Takes Action Against Exchanges & Issuers

  The Hong Kong Securities and Futures Commission (SFC) has issued another alert regarding the risks of investing in initial coin offerings (ICOs) and dealing with cryptocurrency exchanges. Last fall, the SFC fired a shot across the bow of ICO issuers stating certain ICOs may… Read More