Tagged: hong kong

November 3, 2020 @ 9:13 am By JD Alois  |  

The Hong Kong Government has launched a consultation to gauge public opinion on legislative proposals designed to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulation in Hong Kong. The targets include cryptoassets (digital assets) with the introduction of a licensing regime for virtual asset services… Read More

November 2, 2020 @ 6:44 pm By Omar Faridi  |  

Hong Kong-based Statrys, a digital payment services provider, has reportedly secured $5 million through an investment round from an angel investor. Established in 2018, Statrys offers digital payment solutions for SMEs and startups. The Fintech firm noted that its platform makes it a lot easier… Read More

October 29, 2020 @ 9:04 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has posted a “preview” of the upcoming Hong Kong Fintech Week 2020 that is scheduled to take place next week. Supported by the HKMA, the event is described as the city’s “flagship Fintech event.” Like many other conferences, the… Read More

October 26, 2020 @ 7:53 am By Omar Faridi  |  

Benjamin Quinlan, CEO and Managing Partner at Quinlan & Associates, notes that there’s now an “army” of advisors being engaged to support the initial public offering (IPO) of Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a… Read More

October 22, 2020 @ 9:40 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from China’s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

October 19, 2020 @ 7:58 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

September 28, 2020 @ 8:27 am By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established technology-as-a-service platform for financial institutions, has won the Platinum Award for Digital Banking at the IFTA FinTech Achievement Awards 2019, “in recognition for the innovation of its OneConnect Bank Solution.” Daniel Ling, GM at OneConnect’s Hong… Read More

September 22, 2020 @ 9:39 am By Samantha Hurst  |  

  UK banking group Standard Chartered Bank announced on Tuesday it has officially launched its virtual bank “Mox” in Hong Kong. According to Standard Chartered, Mox was created in partnership with PCCW, HKT, and Trip.com, which provides its suite of retail banking services entirely digitally… Read More

September 11, 2020 @ 8:21 am By Samantha Hurst  |  

Hong Kong-based crypto-to-fiat gateway XanPool announced on Friday it secured $4.3 million through its Pre-Series A funding round, which was led by blockchain technology and service provider OK Group with participation from Hashkey and Gumi Cryptos. Founded in 2019, XanPool explained that its software allows… Read More

September 2, 2020 @ 9:36 am By Omar Faridi  |  

The Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives trading platform in terms of volume, has introduced support for mobile trading. The Seychelles-registered and Hong Kong operated exchange noted: “As part of our promise to our users to keep improving our offering, we’re delighted… Read More

August 23, 2020 @ 7:32 pm By Omar Faridi  |  

Hong Kong’s future economy is set to be supported by the latest Fintech platforms and services, as the city-state will be home to at least eight virtual banks. Hong Kong serves as the primary gateway for (mainland) Chinese businesses to expand their operations, globally. It… Read More

August 21, 2020 @ 10:40 am By JD Alois  |  

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), has published a on AI and banking. Entitled “Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision” the report seeks to provide… Read More

August 20, 2020 @ 7:58 am By Samantha Hurst  |  

Neat, a digital bank based in Hong Kong, announced on Wednesday a $4 million extension to its $11 million Series A investment round, which originally closed in April 2020. MassMutual Ventures, Pacific Century Group, Linear Capital, and Robby Hilkowitz as well as new investor Vectr Fintech… Read More

August 19, 2020 @ 8:20 am By Omar Faridi  |  

Tallinn-based EvoEstate has reportedly secured €140,000 in additional capital through a pre-seed extension. The Fintech firm has now closed its €320,000 pre-seed investment round. EvoEstate aims to offer an innovative investment platform that’s supported by Lithuanian startup Wise Guys, which is a Hong Kong-based stealth… Read More

August 15, 2020 @ 12:00 pm By Xu Gao  |  

Moka, an Intelligent Recruitment Management System, Completes 100-million-yuan Series B+ Financing Moka, a provider of intelligent recruitment management solutions, has completed a Series B+ round of financing of more than 100 million yuan led by a well-known venture capital fund. Up to now, Moka’s B… Read More

August 15, 2020 @ 11:46 am By Omar Faridi  |  

WeLab Bank recently confirmed the public launch of its digital banking services. It’s notably the only stand-alone firm to acquire a virtual bank license from the Hong Kong Monetary Authority (HKMA), the city-state’s de facto central bank that’s also responsible for promoting the efficiency, integrity… Read More

August 14, 2020 @ 10:33 am By Omar Faridi  |  

The Seychelles registered Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives exchange, announced on August 14, 2020, that it will be introducing a user verification program. The Hong Kong-operated exchange noted that it will be launching its User Verification Program “at 00:00 UTC on… Read More

August 12, 2020 @ 11:52 pm By Omar Faridi  |  

China’s virtual yuan (CBDC), which is also referred to as digital currency electronic payment (DCEP), will reportedly be introduced for testing in Hong Kong’s Greater Bay Area within the next few weeks. The Greater Bay Area is a megapolis that includes nine major cities (Guangzhou,… Read More

August 10, 2020 @ 12:17 pm By Samantha Hurst  |  

Invest Hong Kong (InvestHK) announced on Monday its new Global Fast Track Program, which is a business-driven program within Hong Kong Fintech Week (HKFW). According to InvestHK, the Fast Track program plugs fintech enterprises directly into Hong Kong’s diverse ecosystem of world-class regulators, business leaders,… Read More