Financial Services
Hong Kong beefs up e-wallet identity verification
Enhanced security features include two-factor authentication process.
Hong Kong beefs up e-wallet identity verification
Enhanced security features include two-factor authentication process.
Hong Kong suspends e-wallet top-ups amidst fraud reports in blow to Smart Banking push
Customers were hit by a combined loss of $180,000.
HSBC Hong Kong launches fund transfer service with Lu International partnership
It cuts transfer time from 1-3 days to within the same day.
Citi Hong Kong expands API tech in Octopus tie-up
Users of the Octopus app can easily apply for Citi Octopus Platinum Card.
TNG FinTech adds Indonesian firm WalletKu to e-wallet arsenal
WalletKu will join around 12 other e-wallets in TNG’s digital payments initiative.
Hong Kong makes huge headway in realising smart banking ambitions
It launched a real-time fund transfer system, open API guidelines, virtual banks authorisation in 2018 alone.
Local lenders jostle for market share as Chinese banks encroach into home turf
Mainland-owned banks accounted for 38% of system assets and deposits by 2017.
SFC laments underperforming bank IPO sponsors
It is enhancing sponsor standards in order to reclaim the global IPO crown.
Robo-advisory platform Quantifeed raises US$10m in series B round
The proceeds will be used to fuel its expansion plans.
Digital bank Neat scores US$2m from Dymon Asia and Portag3 Ventures
The proceeds will be used to boost onboarding and hiring processes.
Will the lack of mega-IPOs push Hong Kong out of the global IPO rankings?
With total funds raised at $54.8b, Hong Kong holds the fifth spot in the global IPO league.
Hong Kong nine-month IPO proceeds balloon 174% as pipeline looks fit to burst
The proceeds from share sales hit $240b as of Q3.
Bank loan growth slows to 8.4% in August as business sentiment sours
Domestic financing and mortgages took a beating.
OCBC Wing Hang Bank kills $425.9m sale of Hong Kong Life Insurance
The closing conditions have not been met in time.
Faster Payment System goes live
Customers can now make and receive real-time payments.
Approved mortgage loans up 7.7% to $47.7b in August
The number of mortgage applications also rose 26.3% to 17,963.
Hong Kong ends era of cheap money after hiking base lending rates to 2.5%
Banks are widely expected to hike prime rates soon.
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