HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
Hong Kong
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.
Citi partners with MoneyBack for customer rewards
Do any of these niche APIs partnerships see much use?
JP Morgan Chase fined by Hong Kong regulator for money laundering fails
Anti-money laundering and counter-terrorist financing not up to scratch.
Diginex deepens digital assets with Altairian acquisition
Hong Kong-based blockchain firm buys again – this time a UK wealthtech.
StanChart first in Hong Kong for digital savings account on-boarding
HKID security features validation and facial recognition.
Hong Kong puts insurtech on fast track
Hong Kong Insurance Authority plays catch-up with the global fintech industry.
Convoy inspires Tandem Bank’s Hong Kong expansion
Financial services company invests $15m in UK challenger and forms partnership.
Ping An rallies seven Hong Kong banks for blockchain trade finance platform
eTradeConnect is delivered by Ping An’s subsidiary OneConnect.
Wanfuteng Bank live with Probanx CorePlus core banking system
Wanfuteng Bank joins 16 other users of Probanx’s CorePlus core banking system across the globe.
HKEX takes no risks with Nasdaq tech
Hong Kong Exchanges and Clearing rolls out risk solution.
Aviva turns digital insurance air Blue in Hong Kong
JV owned by Aviva, Hillhouse Capital, and Tencent.
HKMA receives 29 applications for virtual licences
Only ten might meet all requirements.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
Industrial Bank goes live on Avaloq core banking system
Will be used for its Hong Kong branch’s private banking business.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Hong Kong hastens open banking ambitions
Hong Kong Monetary Authority publishes API framework.
Hong Kong banks setting up trade finance blockchain platform
With ambitions of expansion across industries and jurisdictions.
Case study: DBS – the edge
DBS is shaping up to be a fintech innovator. What projects is it working on?
Hong Kong digital bank Neat nabs tidy $2m funding
Will be used for new features, tools and recruitment.
Patients are a virtue in pacey Prudential claims process
Paperless and chatbots are the cure in Hong Kong.
Daon and Tradelink bring biometric tech to Dah Sing Bank
Dah Sing Bank will leverage Daon’s IdentityX platform to offer both fingerprint and facial authentication.
Standard Chartered Hong Kong to apply for virtual banking licence
To grab a share of the digital and financial inclusion markets.
