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Hong Kong
Tag Archive

2578

Hong Kong to get new mobile bank

By Finextra.com

Neat, a mobile banking startup in Hong Kong that blends machine intelligence with biometric security, has opened its waiting list to university students and young professionals with a view to a Q2 2016 launch. (more…)

Banks, Fintech news, Hong Kong, Mobile-first banks

March 21, 2016

2122

China Tightens Restrictions on Insurance Purchases in Hong Kong

By Zheping Huang for the Quartz.com 

China has issued new restrictions on citizens buying insurance in Hong Kong, the latest move to stem capital outflow and keep the renminbi strong. (more…)

China, Fintech news, Government activities, Insurance

March 15, 2016

2186

Hong Kong robusts its fintech ecosystem

By Joseph Bradley for cryptocurrencynews.com

HK$17B has been pledged by the financial secretary of Hong Kong to begin building the key infrastructure necessary to support a thriving Fintech and tech center in the city. (more…)

Blockchain, China, Fintech news, Hong Kong

February 29, 2016

2259

HK Government goes all in on fintech

Hong Kong’s financial secretary John Tsang Chun-wah reserved a special mention for fintech in his budget speech on Wednesday, promising to pump cash into the startup ecosystem and create a dedicated space to support up to 150 new financial technology companies over the next five year. (more…)

Fintech news, Government activities, Hong Kong, InspirAsia

February 25, 2016

3083

Life.SREDA, AT Capital lead Series B investment in Lenddo

DealStreetAsia: Singapore-based fintech VC firms Life.SREDA and AT Capital have led a Series B round in Lenddoa provider of data for credit scoring and online verification. The financial terms of the investment are undisclosed. The company will use the funds for business expansion. Other investors participating in this Series B round were Omidyar NetworkBlumberg Capital and Golden Gate Ventures. (more…)

Deals, Hong Kong, InspirAsia

October 15, 2015

2199

South Korea: government and venture funds move towards FinTech

GROOVEMAESTRO: The Korean Government has announced “Plans for Boosting Investments” at the 8th Meeting Promoting Trade and Investment chaired by the President Park on July 9th. The plans are developed to encourage investments in sectors such as tourism, venture, and construction where growths can be accelerated.

(more…)

Crowdfunding/investing, Fintech news, InspirAsia, Korea, news

July 13, 2015

2230

Hong Kong To Become Tech Startup Hub

News.Gov.HK: The Government is committed to transforming Hong Kong into a hub for innovation and entrepreneurship. This was the message from Secretary for Commerce & Economic Development Gregory So speaking at a symposium in Chicago yesterday. (more…)

Hong Kong, InspirAsia

July 11, 2015

1638

Singapore’s fin-tech startup Toast raising US$750K seed

E27CO: Singapore-based fin-tech startup Toast is raising a US$750,000 seed round, with half the funds already committed, e27 has learned. The Startupbootcamp (Fintech Singapore) incubated startup founded by British entrepreneur Aaron Siwoku, which just relaunched following a rebranding from Cryptosigma last week, has already received S$24,500 (US$18,000) in return for an eight per cent equity stake from the accelerator.

(more…)

Fintech news, InspirAsia, news, Remittances, Singapore

July 8, 2015

1471

Crisis in China

THE ECONOMIST: China is certainly not the first country to try to prop up a falling stockmarket. The central banks of America, Europe and Japan have all shown form in buying shares after crashes and cutting interest rates to cheer up bloodied investors. But the circumstances and the manner of China’s intervention of the past ten days make it an outlier, worryingly so.

(more…)

Analytics, China, Global trends, Hong Kong, InspirAsia

July 8, 2015

1793

DBS opens DBS Accelerator in Hong Kong

DEALSTREETASIA: Southeast Asian super-regional financial services group DBS, which is based in Singapore, has launched a DBS fintech accelerator in Hong Kong, in a physical site called “The Vault”. This is to function as a FinTech startup hub located in the heart of Wan Chai, Hong Kong. (more…)

Hong Kong, InspirAsia, Singapore

June 29, 2015

1605

Accenture Is Back For Batch 2 Of Its FinTech Innovation Lab Asia Pacific

E27.CO: It turns out that last year’s seven startup graduates of Accenture’s first FinTech Innovation Lab in Asia Pacific have so far gone on to collectively raise more than US$6 million in funding — an impressive number. (more…)

Hong Kong, InspirAsia

May 6, 2015

1714

Accenture and FIs kick off Apac Innovation Lab programme

FINEXTRA: Accenture and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region. (more…)

Fintech news, Hong Kong, InspirAsia, news

April 30, 2015

Hong Kong’s Nest Partners With DBS Bank In New Fin-tech Accelerator

E27.CO: The accelerator will be housed in a ‘newly-renovated 5,000-sq-ft workspace in the heart of Wan Chai’, with applications open until July 1 (more…)

Fintech news, Hong Kong, InspirAsia

April 23, 2015

Payroll Startup Salarium Partners With Mobile Payment Firm PyxPay

E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)

Fintech news, Hong Kong, InspirAsia, Mobile payments/banking

April 20, 2015

The insider’s cultural guide to Hong Kong: ‘Neon, frenetic, always hungry’

THE GUARDIAN: From dim sum to protest art, pop-up cinemas to the free comedy found on the Mass Transit Railway, playwright Jingan Young shows us the city’s hectic streets (more…)

Hong Kong, Influences FinTech, InspirAsia

April 13, 2015

1380

Advanced Merchant Payments Pulls in Undisclosed Amount of Funding

FINOVATE: Advanced Merchant Payments (AMP), a company that provides banks technology to offer loans to their small business customers, pulled in an undisclosed amount of funding today from Route 66 Ventures. The new installment is a follow-on round to the $5 million Series A round received in November 2014 from SBT Venture Capital. (more…)

Deals, Fintech news, Hong Kong, InspirAsia, news

March 26, 2015

1269

Budget Reinforces Hong Kong’s Long-term Economic Development

InvestHK Bimonthly Newsletter: The regular InvestHK’s newsletter covers Hong Kong’s Financial Secretary John Tsang’s budget speech, as well as the expansion of the government fund Stratmeup HK to India. (more…)

Global trends, Government activities, Hong Kong, InspirAsia

March 25, 2015

1187

Which Asian city has the hottest FinTech startup ecosystem?

E27.CO: Among heavyweight financial hubs Hong Kong and Shanghai, Singapore takes the top spot as the ecosystem most conducive to building FinTech startups, says Markus Gnirck, Co-Founder and COO of Startupbootcamp FinTech

(more…)

Analytics, Global trends, InspirAsia

March 10, 2015

1323

Twitter Opens Hong Kong Office To Make Money In China

TECHCRUNCH: Twitter may be blocked in mainland China, but there is still plenty of money to be made from beyond the Great Firewall. The company opened a Hong Kong office today with the goal of helping companies in China market to overseas consumers.

(more…)

Hong Kong, InspirAsia

March 9, 2015

1290

Hong Kong’s Tofupay Wants To Make Online Payments Easy

E27.CO: The startup aims to make transactions simpler by offering easy multi-currency management.  Tofupay is one of the 11 teams chosen to join the blueprint accelerator programme. This international team of five will be working on their not-so-stinky idea, Tofupay, an alternative service to make online payments and transactions easier and more economical.

(more…)

Fintech news, Hong Kong, InspirAsia

March 7, 2015

1332

HK Budget: $50M Venture Fund For Growing Startups

COMPUTER WORLD: The Hong Kong government will be offering financial assistance to technology startups with its plan to set up a HK$50 million corporate venture fund. The amount is earmarked for companies located at the Hong Kong Science and Technology Park (HKSTP) and those that have participated in its incubation programs. (more…)

Global trends, Government activities, Hong Kong, InspirAsia

February 26, 2015

1461

The Hong Kong’s 2015-16 Budget Focus on Financial Development

BUDGET SPEECH: Hong Kong’s Financial Secretary John C Tsang in his budget speech has announced a strong focus on financial sector development (80% of Hong Kong’s GDP) and support of fintech startups. (more…)

Global trends, Government activities, Hong Kong, InspirAsia, news

February 25, 2015