Fintech News Hong Kong

The Travel Rule has been a critical regulatory shift for the crypto industry in Hong Kong, but are you fully prepared to meet its demands? Sumsub’s webinar will delve into the ongoing challenges of implementation, as well as the strategies and tools that can help your VASP achieve full compliance. Hear from industry leaders on how to strengthen your AML/CFT framework and protect your business from potential risks. Watch here: https://bit.ly/3XLplRk -with Emeka Mgbenu Anastasia Sakharova Dejan Davidovic Sumsub Global Travel Rule Kriptomat #fintech #webinar #crypto #travel #compliance

This is the first time Standard Chartered has conducted HKD blockchain transactions with Ant International Read here: https://lnkd.in/gDgMVrMX -with Kelvin Li #fintech #blockchain #payment

InvestHK supported 59 fintech companies in establishing or expanding in Hong Kong in the first eight months of 2024, a 44% increase from last year Read here: https://lnkd.in/gKBHmKgj -with Invest Hong Kong King Leung #fintech #HKFTW #HKFTW2024 #investment

The SFC aims to grant the first batch of crypto trading licenses by the end of this year. Read here: https://lnkd.in/gViEVRAd -with Eric Yip Securities and Futures Commission (SFC) #fintech #HKFTW #HKFTW2024 #virtualasset

ZA Bank aims to provide eligible Hong Kong retail investors with a secure and regulated platform to trade virtual assets. Read here: https://lnkd.in/gcG8wjMq -with Ronald Iu #fintech #digitalasset #banking #blockchain

These collaborations aim to test how CBDCs and other tokenised assets can enhance international transactions and support financial innovation. Read here: https://lnkd.in/gucfp4xz -with Hong Kong Monetary Authority (HKMA) Bank of Thailand Banco Central do Brasil #fintech #HKFTW #HKFTW2024 #CBDC #tokenization

The HKMA also announced initiatives to enhance cross-border payments with mainland China, improve data infrastructure for SME lending, and promote the use of AI in combating financial crime. Read here: https://lnkd.in/gUuvRg7y -with Hong Kong FinTech Week Hong Kong Monetary Authority (HKMA)  Bank of Thailand #fintech #hongkong #HKFTW #HKFTW2024 #event #blockchain #SME #AI #payments

This is the first successful cross-bank transaction within the sandbox’s liquidity management theme. Read here: https://lnkd.in/geQpaNke -with HSBC Ant International Vincent Lau Kelvin Li #fintech #blockchain #banking #payment

Payment fraud saw a 9% increase in 2023, primarily driven by attacks through mobile channels and alternative payment methods. Read more about the APAC fraud landscape in this latest report: https://bit.ly/3Xv09hM #fintech #fraud #security #scam #cyberattack

From now until 10 November 2024, personal banking users can receive HKD 288 for each company they refer, with no limit on the number of referrals. Read here: https://lnkd.in/gxZPN4pT -with ZA #fintech #virtualbanking #financialservices