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
OneDegree Supports HKMAs Generative AI Sandbox With AI Risk Solutions
Tech provider OneDegree Global has stepped up to support the Hong Kong Monetary Authority’s (HKMA) new Generative AI ... Read more
HKMA And Cyberport Launch Generative AI Sandbox For Financial Sector
The Hong Kong Monetary Authority (HKMA) and digital technology hub Cyberport have launched a new Generative Artificial ... Read more
Tencent Divests 14% Stake In British Challenger Bank Tide
Chinese tech giant Tencent has fully divested its 14% stake in British challenger bank Tide in a sale that was complete... Read more
HSBCs PayMe Launches UnionPay Virtual Card For Global Payments In Hong Kong
PayMe by HSBC has launched its first UnionPay virtual card, enabling its 3.2 million users in Hong Kong to make payment... Read more
Hong Kong Fintech Association Strengthens Ties With Shenzhen Amid GBA Expansion
Hong Kong’s fintech sector is positioning itself for substantial growth in the Greater Bay Area (GBA), capitalising o... Read more
Thredd Powers LianLian Globals Virtual Card Expansion In APAC
Thredd, a global payments processor, has successfully launched LianLian Global’s virtual card programme in the APAC m... Read more
Fusion Bank Offers Collateral-Free Loans For Hong Kong SMEs, Startups
Fusion Bank, a virtual bank backed by Chinese tech giant Tencent, has launched new business loan services aimed at supp... Read more
Mox Emerges As First Virtual Bank In Hong Kong To Offer Crypto ETFs
Mox Bank has become the first virtual bank in Hong Kong to offer cryptocurrency exchange-traded funds (ETFs) to its use... Read more
No New Virtual Bank Licenses In Hong Kong, Digital Bank Term Under Review
The Hong Kong Monetary Authority (HKMA) announced that it will not issue any more digital bank licenses following its c... Read more
China And Hong Kong Set To Move Forward With Payment System Linkage
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Understandi... Read more
HKMA To Overhaul Banking System With A Two-Tier Structure
The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the review of the th... Read more
Hong Kong Launches First Spot Bitcoin And Ether ETFs In Asia
On Tuesday, Hong Kong introduced six spot bitcoin and ether exchange-traded funds (ETFs), marking the first time Asian ... Read more
Hong Kong SFC Awards Type 3 License To ATFX For Institutional Trading
ATFX, a global CFD broker, has been awarded a Type 3 license by the Hong Kong Securities and Futures Commission (SFC). ... Read more