Tagged: hong kong

Hong Kong-based Insurtech Blue Cross Launches New Services to Help Users Customize Travel Insurance Plans

Hong Kong-headquartered Blue Cross, a major insurance services provider, is set to introduce its Travel Smart MultiTrip Insurance Package, which will allow clients to customize their travel insurance plans. The company has also introduced the Flight Delay Cash Allowance Extension, which reportedly comes with an… Read More

Startup Impact Summit – Hong Kong POSTPONED

POSTPONED In light of the current situation relating to the coronavirus, WHub, Invest Hong Kong and other key partners of the StartmeupHK Festival 2020 have agreed to postpone the festival. With this, Startup Impact Summit #SIS20 will be postponed from February 14th to possibly July 2020. Exact… Read More

China’s Zall Smart Commerce Group to Establish Operatins in Singapore, as Part of Group Applying for Digital Banking License

Chinese e-commerce company Zall Smart Commerce Group will establish operations in Singapore’s evolving financial industry. Zall’s management noted that the firm is part of a consortium that’s applying for a digital wholesale banking license in Singapore. Global eTrade Services, a CrimsonLogic Pte division, and Marubeni… Read More

Wealthtech: Singapore-based Kristal.AI, a Wealth Management Firm, Secures $6 Million via Series A Round

Kristal.AI, a Singapore-headquartered digital wealth management firm, has secured $6 million in capital via a Series A round, which was led by Chiratae Ventures (previously known as IDG Ventures). The Desai Family Office and several others including high-net-worth-individuals (HNWIs) also took part in the round…. Read More

Hong Kong Fintech Liquefy Appoints Former COO of Turner Sports Matt Hong to Advisory Board

Hong Kong-based fintech Liquefy announced on Monday it has appointed former COO of Turner Sports, Matt Hong, as the inaugural member of its new advisory board. The company reported it will “tap” Hong to bring his experience in the sports industry to advise the fintech… Read More

Shaun Djie: Co-founder at Digix, a Smart-Asset Firm Leveraging Blockchain to Manage Gold Investments, Reveals Keys Industry Trends

We recently caught up with Shaun Djie, co-founder and chief operating officer at Digix, one of the first “smart-asset” companies leveraging blockchain tech to account for the authentication and provenance of 99.99% investment-grade gold bullions. Shaun currently serves as a board member for Singapore’s IT… Read More

ZA Bank Ltd., first of Hong Kong’s Upcoming Digital Banks, to Offer Huge 6% Special Rate on All Deposits

The first of Hong Kong’s upcoming group of virtual banks has confirmed its launch with a 6% special introductory rate on all deposits. ZA Bank Ltd., which is notably one of eight companies planning to establish digital-only banking services in Hong Kong, has launched a… Read More

Thailand Might Not be Ready Like Singapore and Hong Kong to Implement Digital Banking Systems, Says Thai Central Bank Governor

Thailand is currently laying the groundwork for standalone or independently-functioning online banks as the Southeast Asian nation tries to catch up with other nearby markets that have been upgrading their banking infrastructure. Veerathai Santiprabhob, governor of the Bank of Thailand, noted during a recent interview:… Read More

Crypto.com Names Former Binance Head of Operations Mariana Gospodinova As European General Manager

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday it has appointed Mariana Gospodinova as its new European general manager. Crypto.com reported that Gospodinova joins its team from Binance, where she headed the operations in Europe and looked after the launch of the crypto to fiat… Read More

AngelHub, the Only Licensed Crowdfunding Platform in Hong Kong, Adds New Securities Offerings Including Later Stage Rounds

AngelHub says it continues to launch new securities offerings after the successful funding of its first two issuers. AngelHub is the only investment crowdfunding platform to receive regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong. Last spring, AngelHub was approved for… Read More

Hong Kong Institute of Bankers Welcomes Six Digital Banks as Corporate Members

The Hong Kong Institute of Bankers (HKIB) has onboarded six digital banks as corporate members according to a note published by the association. The HKIB is a non-profit organization that offers training and certification programs to Hong Kong-based financial institutions. The virtual banks that have… Read More

Hong Kong’s CoinEx Chain Foundation Announces New Support Program to Encourage Community Development

Hong Kong-based CoinEx Chain Foundation announced on Thursday the launch of its new support program. According to the foundation, the program was designed to support more institutions and individuals to participate in the creation of CoinEx Chain’s ecosystem. “Every quarter, the Foundation will commit up… Read More

PwC’s Financial Services Leader in Malaysia: “There’s a Very Good Opportunity Here for Banking Challengers”

Malaysia now appears to be a promising market for virtual or challenger banks, according to Big Four auditing firm PricewaterhouseCoopers’ (PwC) Malaysia division. The country’s reserve bank is planning to introduce its virtual or digital banking licensing guidelines for industry consultation. In a recent interview,… Read More

First: ZA Bank Ltd. Pilots Digital Banking Solution in Hong Kong By Offering Services to 2,000 Retail Users

ZA Bank Ltd. is reportedly testing internet-only banking solutions in Hong Kong, which notably makes it the first organization to provide such services in the city as the Asian financial hub continues to promote the development of Fintech-related projects. The Hong Kong Monetary Authority began… Read More

The Hong Kong Monetary Authority Publishes Report on Artificial Intelligence and Banking

The Hong Kong Monetary Authority (HKMA) has published a report entitled “Reshaping Banking with Artificial Intelligence.” The Report is part of a series of publications on applying AI technology, including Robo-advisors, to the banking industry. Hong Kong has emerged as a top Asian Fintech hub… Read More

Qudian Inc. Reveals that Guosheng Investment Limited Agrees to Lock Up 5% of Qudian’s Outstanding Shares

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed that Guosheng (Hong Kong) Investment Limited has agreed to a non-binding letter of intent to lock up the firm’s Class A ordinary shares,… Read More

Hong Kong Crypto Exchange CoinEx Receives Operating License in Estonia

CoinEx, a global and professional cryptocurrency exchange service provider, announced on Friday it received an operating license from the Estonian Financial Intelligence Unit (FIU). The Hong Kong-based platform is now a fully regulated cryptocurrency exchange under the Estonian laws and is now able to provide… Read More

Multi-Billion Dollar Crypto Platform Cardano Now Has Over $195 Million in Staked Digital Currency (ADA) on its Test Network

Cardano (ADA), one of the largest (by market cap) platforms for building and deploying decentralized applications (dApps), now has over 5 billion ADA tokens, worth about $195 million, staked on its testnet – reportedly within 24 hours of the launch of Cardano’s testnet. Input Output… Read More

Crypto.com Announcement: Exchange Public Beta Is Now Live

Hong Kong cryptocurrency exchange Crypto.com announced on Wednesday it has opened its platform to the public after launching in private beta this past month. Crypto.com claims that its platform enables users to trade digital assets on the “most liquid and secure platform” in the market… Read More

Ten Leading Fintech Firms Took to the Final Stage at Alibaba-backed FintechHK Global Competition

Ten leading Fintech companies recently took to the final stage at the FintechHK Global Competition. FintechHK Global Competition is supported by InvestHK, the department of the Hong Kong SAR government that handles Foreign Direct Investment. InvestHK supports overseas, mainland China and Taiwanese businesses by helping… Read More

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