Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
Hong Kong
First Digital Trust bags $3m investment led by Nogle
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
HSBC to cut 35,000 jobs in a major restructure to boost returns
Job loss figure more than triple the number expected to be cut by the bank.
Hong Kong’s virtual challenger Za Bank selects Fiserv for card payments
Fiserv’s VisionPlus will power Za Bank’s entire card payment lifecycle.
Nasdaq names HKEX’s Roland Chai as its new CRO
Chai was previously head of post-trade at HKEX.
UK court orders Bitfinex to freeze $860,000 in bitcoin
Chainalysis traced the funds to a ransomware payment through Bitfinex’s platform.
Know Your Customer and Botsync close first $2.5m on Hong Kong’s AngelHub
The rounds are part of a larger $50 million Series C round by AngelHub.
Hong Kong’s sustainable finance start-up MioTech closes Series A funding
The start-up wants to expand its presence in Singapore and Mainland China.
HSBC to shut down Hong Kong ATMs after protest vandalism
Protestors also attempted to damage the bank’s famous lion statues.
Hong Kong’s fintech WeLab raises $156 million to launch WeLab Bank in 2020
Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.
Hong Kong’s Hang Seng Bank to unveil 600 cardless ATMs
The ATMs will use contactless technology and QR codes.
ABN Amro live with Temenos payments tech in Hong Kong
Singapore and China are next on ABN Amro’s Temenos Payments roll-out list.
Tandem appoints former HSBC exec as chief growth officer
Malani will spearhead Tandem’s international expansion into Hong Kong.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
Tencent plans blockchain-based virtual bank on back of new Hong Kong licence
Chinese conglomerate nabs its second licence from regulators.
UK challenger Tandem Bank announces Hong Kong expansion
First step overseas for the London-based neobank.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
Thought Machine to power Standard Chartered’s new Hong Kong bank
Vendor to underpin digital bank’s new products.
Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
The agreement will see low-latency connectivity being offered to HKEX trading partners.
Swift and HSBC team up for common API standard in Hong Kong
Partnership aims to prevent fragmentation and enhance API uptake
Sibos 2019: London could be “centre of the world” for RMB
HKEX CEO says stock exchange merger will boost UK capital
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
Hong Kong authority changes guidelines to boost fintech
Lenders can now use big data analysis to review applications.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Standard Chartered Bank launches Shanghai eXellerator lab
It will tap into China’s advances in artificial intelligence, biometrics and mobile payments.
Blockpass enters Hong Kong broker market with 2GoTrade
The partnership is a first for the ID verification provider.
HSBC launches multicurrency virtual account for treasury
Available in the UK, USA, Hong Kong and Singapore.
Hong Kong grants four more virtual bank licences
These banks will be launched by Ant Financial, Xiaomi, AMTD, Ping An, and Tencent.
DIT pilots to support UK fintech international expansion
Two bridge pilot programmes with Australia and Hong Kong.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
BOC granted virtual banking licence in Hong Kong
Livi VB is a joint venture of Bank of China, JD New Orbit Technology and JSH Virtual Ventures Holdings.
Standard Chartered to launch virtual bank in Hong Kong
To be conducted under a new entity in Hong Kong.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Tencent taps University of Hong Kong for fintech talent
They will offer workshops, internships and a Bachelor of Arts in fintech.
HSBC tests retail e-wallet payments in Hong Kong
Beta testing begins with an initial batch of 15 businesses.
Ping An plans $8bn IPO of fintech subsidiary
Insurtech postponed IPO of OneConnect last year due to stock-market unrest.
CMB Wing Lung Bank live with new custody banking tech from GBST
CMB Wing Lung Bank is live with a new back-office solution for its custody business, GBST’s Syn~Ops Custody.
Hong Kong Exchange buys into Shenzhen fintech
HKEX looking to boost its financial markets tech capabilities.
Atom crypto exchange readies for Hong Kong launch
AAX will be powered by tech from London Stock Exchange Group.
