Tagged: hong kong

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More

March 2, 2022 @ 10:52 pm By Tony Zerucha  |  

Animoca Brands, a blockchain gaming powerhouse is responding to the war in Ukraine but prohibiting Russian involvement with its business and properties, according to a Bloomberg article published today. A member of the Financial Times High Growth Companies Asia-Pacific 2021 list, Animoca Brands develops digital… Read More

February 27, 2022 @ 9:39 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. The Financial Secretary confirmed in the 2022-23 Budget today (23 February) that the application period for the 80% Guarantee Product, the 90% Guarantee Product and the Special… Read More

January 30, 2022 @ 9:40 pm By Omar Faridi  |  

ForgeRock (NYSE: FORG), an international digital identity provider, recently announced its continued expansion across Asia and has made ForgeRock Identity Cloud “available locally from two new data centers in Indonesia and Hong Kong.” As mentioned in the update, this move expands ForgeRock’s Identity Cloud into… Read More

January 26, 2022 @ 10:57 pm By Omar Faridi  |  

According to a Securities and Futures Commission (SFC) report, Hong Kong’s asset and wealth management sectors registered an increase in AUM of more than 20% YoY, to HKD 34.9 trillion, as of end 2020. As one of the area’s most prominent wealth management hubs, Hong… Read More

January 22, 2022 @ 6:58 pm By Omar Faridi  |  

Hong Kong’s leading virtual bank ZA Bank has reportedly expanded its footprint into investment business as the first local digital-only bank to be “licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities).” As mentioned in an update shared… Read More

January 13, 2022 @ 8:27 pm By Omar Faridi  |  

Asia United Bank (AUB), one of the fastest-growing publicly listed universal banks, has teamed up with Wallyt, a virtual banking solution provider, in order to offer a card payment acceptance solution for merchants though a card QR code or link. Wallyt is a Hong Kong-headquartered… Read More

January 10, 2022 @ 12:03 am By Omar Faridi  |  

Airwallex notes that the world of e-commerce is “changing rapidly.” As consumers continue to drift away from the high street into the “outstretched arms” of digital commerce marketers, brands are “upping their game.” Airwallex writes in a report that we should no longer just show… Read More

December 24, 2021 @ 9:11 am By Omar Faridi  |  

Local tech startup Bloom has unveiled a new collaboration with Visa (NYSE: V) to provide extra spending rewards for Visa card users residing in Hong Kong. As noted in an update shared with CI, the tie-up should help with accelerating Visa’s journey in connecting with… Read More

December 19, 2021 @ 5:18 pm By JD Alois  |  

Coinweb has raised $4 million in funding. Coinweb is a layer-2 cross-chain computation platform that aims to solve some of the most critical problems that currently exist within distributed ledger technology. The strategic funding round includes the participation of KuCoin Labs, Morningstar Ventures, Panda Capital,… Read More

December 16, 2021 @ 8:36 pm By Omar Faridi  |  

Hong Kong tech startup, Bloom, has announced a collaboration with AIA Hong Kong  in order to launch “Care for You 24” – AIA’s first scenario-based protection that “revolves around customers’ lifestyle touchpoints and scenarios – to offer instant cover for their purchases.” “Care for You… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

December 13, 2021 @ 11:00 pm By Omar Faridi  |  

WeLab, a pan-Asian Fintech platform, has announced the acquisition of PT Bank Jasa Jakarta (BJJ), which is a commercial banking institution based in Indonesia, with plans to introduce its second digital bank in Asia “further to the successful launch of WeLab Bank in Hong Kong.”… Read More

December 13, 2021 @ 10:42 pm By Omar Faridi  |  

ZA International and Airport Authority Hong Kong (AAHK) have unveiled an easily accessible travel insurance to “create a seamless and frictionless travel experience through digital acceleration.” ZA International and AAHK seek to “leverage innovative technology and deep experience in passenger flow management” to achieve the… Read More

December 9, 2021 @ 10:37 pm By Omar Faridi  |  

Rapyd, an international Fintech-as-a-Service firm, has agreed to acquire Hong Kong-based Neat, a cross-border trade enabling platform for SMBs and startups. Neat offers full company incorporation, business accounts, global payment collection and disbursements, “as well as credit card-based capital expansion services.” As noted in the… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 23, 2021 @ 9:43 pm By Omar Faridi  |  

Klook, a travel and leisure booking platform and ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbank’s Vision Fund 1, has  announced a joint venture that will aim to accelerate “the availability and accessibility of travel-related insurance to consumers… Read More

November 22, 2021 @ 11:37 pm By Omar Faridi  |  

The Mobile Banking Benchmark 2021 survey reveals that Hong Kong-based digital banks Mox and Livi stood out as the leading local platforms, though there’s overall a gap between Asian and European service providers. The survey has been carried out by management consulting company Sia Partners… Read More

November 22, 2021 @ 9:44 pm By JD Alois  |  

Hong Kong Licensed investment crowdfunding platform AngelHub has shared an update on platform operations. AngelHub is licensed and regulated by the Securities and Futures Commission for Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) activities in Hong Kong. AngelHub was the first… Read More

November 14, 2021 @ 9:28 pm By Omar Faridi  |  

Asia’s financial tech platform Qupital announced earlier this week that it acquired $150 million in a combination of Series B equity funding and “a receivables-backed securitization facility.” The equity funding will aim to support Qupital’s goal to scale its cross-border digital commerce lending business into… Read More