Tagged: hong kong

August 2, 2021 @ 10:47 pm By Omar Faridi  |  

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

August 1, 2021 @ 5:41 pm By Omar Faridi  |  

Airwallex, a cross-border payments firm, recently revealed its plans to form a new venture capital fund that is set up by its founders. The Capital 49 fund will aim to make investments into early-stage, high-growth tech-enabled companies that will be supported by Airwallex’s infrastructure. The… Read More

August 1, 2021 @ 5:36 pm By Omar Faridi  |  

Hong Kong-based digital bank Mox has introduced a new Buy Now, Pay Later (BNPL) service via its Mox Credit product, called “Split purchase.” Mox Credit clients are able to split their eligible or qualified transactions of HKD 400 or more into more manageable, equal monthly… Read More

July 27, 2021 @ 10:13 pm By Tony Zerucha  |  

Hong Kong’s wealth market is poised for a rebound after a pandemic-affected 2020, new research from GlobalData suggests. The number of affluent, mass affluent and high net-worth investors is expected to grow 7.8 per cent to reach 3.9 million this year. Sixty per cent (60.6)… Read More

July 25, 2021 @ 10:43 am By Omar Faridi  |  

In a keynote speech that focused on fraud and financial crime at a conference in Asia, Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority, discussed anti-money laundering and financial crime risk issues and the ability of authorities to address these problems. While… Read More

July 17, 2021 @ 6:05 pm By JD Alois  |  

Digital assets are inclusive of securities, commodities, utilities, and all of the above. For crypto exchanges, the ability to trade security tokens makes sense – if you are fully compliant. Yesterday, the world’s largest crypto exchange Binance announced it will no longer support stock tokens…. Read More

July 17, 2021 @ 5:00 pm By JD Alois  |  

The Hong Kong Securities and Futures Commission (SFC) has issued a notice that Binance may be offering stock token offerings to Hong Kong investors. The SFC stated that Binance is not licensed to offer regulated activity in Hong Kong. Binance has recently been the target… Read More

July 16, 2021 @ 6:34 pm By Omar Faridi  |  

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

July 16, 2021 @ 2:49 pm By Omar Faridi  |  

Hong Kong’s digital technology park Cyberport confirms that it has invested HKD 14.87 million (appr. $1.92 million) into the operations of four of the startups in its network. The companies include Lynk, Rice Robotics, Dash Living and Hex Trust. These investments have been made during… Read More

July 5, 2021 @ 10:10 am By Omar Faridi  |  

ZA International reveals that it has entered an agreement with BC Technology Group, which is the parent firm of OSL Digital Securities, a Securities and Futures Commission (SFC)-licensed digital asset service provider. Through the partnership, OSL should become the exclusive digital asset trading partner to… Read More

July 4, 2021 @ 7:55 pm By Omar Faridi  |  

Hong Kong-based digital asset custody provider Hex Trust revealed earlier this week that it has acquired a strategic investment from Cyberport, a local Fintech hub and digital community. The size of the investment has not been shared publicly. The new investment should allow Hex Trust… Read More

July 4, 2021 @ 5:43 pm By Omar Faridi  |  

Hong Hong-based digital banking platform Airstar Bank has confirmed the appointment of Xiaomi’s Chief Financial Officer Alain Lam Sai Wai as its new Chairperson of the Board of Directors (BoD). The previous Chair, Lei Jun, the Chinese billionaire businessman who established Xiaomi, has now stepped… Read More

July 3, 2021 @ 8:40 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) will be welcoming the first group of participants to take part in its pilot for HKEX Synapse, which is HKEX’s new Stock Connect settlement acceleration solution. As part of the pilot, industry participants such as fund managers, brokers,… Read More

June 27, 2021 @ 10:55 pm By Omar Faridi  |  

Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which allow clients to flip freely between spending via their debit and credit card accounts. Mox… Read More

June 27, 2021 @ 8:47 pm By Omar Faridi  |  

Invest Hong Kong (InvestHK) revealed, earlier this week, that the Global Fast Track 2021 program is currently taking applications from Fintech startups and also accepting them from more established companies looking to scale their business from Hong Kong to the GBA area, Asia and other… Read More

June 25, 2021 @ 8:34 pm By Omar Faridi  |  

Prove, which offers an innovative way of proving identity by requiring only a phone number, reveals that it has integrated TransUnion’s TruValidate identity verification solution into its product offering so that it can offer a new, instant, digital identity service in Hong Kong. The launch… Read More

June 22, 2021 @ 8:03 pm By JD Alois  |  

Sotheby’s, the top global auction house, says it will accept cryptocurrency, specifically Bitcoin or Ether, as payment for an enormous diamond. The 101.38-carat pear-shaped D colour flawless diamond, said to be one of the largest of its kind to go to auction, will go under… Read More

June 19, 2021 @ 3:33 pm By Omar Faridi  |  

Hong Kong-based digital technology park Cyberport has revealed that the application stage for the initial phase of its Fintech Proof-of-Concept (PoC) Subsidy Scheme has now closed. The initiative reportedly received more than 80 applications. The scheme has been commissioned by the Financial Services and the… Read More

June 15, 2021 @ 11:06 pm By Omar Faridi  |  

WeLab Bank, a homegrown digital bank that has been authorized by the Hong Kong Monetary Authority (HKMA), reveals that it’s offering its customers Apple Pay, which is described as a safe, secure and private way to make payments. It allows clients to not have to… Read More

June 14, 2021 @ 11:57 pm By Omar Faridi  |  

Nomura has reportedly chosen Refintiv, a multinational provider of financial market data and infrastructure, in order to leverage the Fintech firm’s wealth management solutions across Hong Kong and Singapore. The Refinitiv Workspace for Wealth Advisors will be used as the main platform to provide up-to-date… Read More