HKEX appoints Credit Suisse’s Richard Wise as new CRO
Wise steps in to replace John Killian, who retires from the role.
Hong Kong
Standard Chartered hires new global head of technology
Cat Rüst joins the bank from an executive role at UBS.
BIS and HKMA launch trade technology challenge
New scheme kicks off with approval from a handful of Chinese regulators.
HSBC and Microsoft partner to support Hong Kong SMEs
The two firms have signed a year-long partnership.
Third wave of COVID-19 forces Hong Kong banks to close branches
11 lenders will partially or completely shut down operations at some 58 branches.
Alibaba’s Ant plans Hong Kong IPO
“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.
Railsbank signs on Hong Kong fintech Statrys
Open banking platform continues expansion in Asia.
HKEX announces sustainable finance exchange Stage
Hong Kong exchange plans to educate stakeholders on the benefits of ESG.
HSBC launches e-wallet PayMe for teens in Hong Kong
The adult version already has 1.9 million customers across Hong Kong.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
SoFi acquires Hong Kong stock trading app 8 Securities
“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.
Hong Kong challenger ZA Bank picks OneSumX for regulatory reporting
The first virtual bank in Hong Kong selects Wolters Kluwer system.
Singtel’s NCS and NETS to develop electronic payments platform for central banks
The firms will also create a “next-generation” suite of central banking products.
Fintech Neat lands $11m to help SMEs trade between Asia-Pacific and Europe
The fintech landed Visa as an investor and new card partner.
Virtual bank Airstar launches pilot in Hong Kong
The digital bank will onboard roughly 2,000 customers.
Hong Kong’s first virtual bank opens its digital doors
Za Bank launches with incumbent-challenging interest rate.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
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
