WeChat Pay Hong Kong Fined HK$875,000 For Customer Due Diligence Failures
The Hong Kong Monetary Authority (HKMA) has imposed a HK$875,000 fine on WeChat Pay Hong Kong for failing to meet anti-... Read more
Hong Kong Enters Next Stage Of Wholesale CBDC Adoption With Project Ensemble
The Hong Kong Monetary Authority (HKMA) has officially launched the Project Ensemble Sandbox to advance tokenisation wi... Read more
HKEX Appoints Johnson Chui As Head Of Global Issuer Services
Hong Kong Exchanges and Clearing Limited (HKEX) announced the appointment of Johnson Chui as Managing Director, Head of... Read more
KakaoPay Insurance Reaches 1.5 Million Users For Overseas Travel Coverage
KakaoPay Insurance, a digital non-life insurance provider in South Korea, has seen more than 1.5 million users sign up ... Read more
HKMA And Government To Enhance Financial Data Sharing With CDI-CDEG Linkage
The linkage between the Hong Kong Monetary Authority’s (HKMA) Commercial Data Interchange (CDI) and the Hong Kong Gov... Read more
HKMA And Banks Form SME Lending Taskforce To Address Financing Challenges
The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have announced the formation of a... Read more
Riding The Wave: Asia Payments Trends Show Digital Payments On The Rise
In the dynamic landscape of the Asian payments industry, a palpable shift is underway – one characterised by the rapi... Read more
Taiwan Unveils Digital Nomad Visa Plans To Attract Global Talent
Taiwan’s National Development Council (NDC) will introduce a new digital nomad scheme. This allows remote workers fro... Read more
Crypto.com Among 11 Crypto Exchanges Facing Uncertainty Over Full Licenses In Hong Kong
Concerns are mounting over whether 11 crypto exchanges that initially received provisional licenses will successfully o... Read more
HKMA Stresses Accountability, Human-in-the-Loop In Generative AI Banking
The Hong Kong Monetary Authority (HKMA) has released new guidelines for authorised institutions regarding the use of ge... Read more
How Bigtech Has Shaped Chinas Fintech Scene In The Past Two Decades
Over the past two decades, large technology firms (bigtechs) have disrupted the traditional financial markets in China,... Read more
BIS Sheds Light On Hidden Dangers Of Crypto Exchange Tokens Like Binances BNB
Crypto exchange tokens have emerged as a significant innovation in the cryptocurrency sector, providing centralized cry... Read more
Andreessen Horowitz Reportedly Planning First Asian Office In Japan
Andreessen Horowitz, a venture capital firm from the U.S., is planning to establish its first Asian office in Japan, so... Read more
Near Half A Decade Later, None Of Hong Kongs Virtual Banks Have Turned A Profit
For Hong Kong’s virtual banks, profitability remains elusive as they struggle to turn a profit, with none of the city... Read more
Blockchain Payment Provider Tevau Taps Jumio For KYC, Compliance Solutions
Tevau, a blockchain payment solution provider, has formed a strategic partnership with Jumio, a company specialising in... Read more