WeLab and Astra wrap up acquisition of Bank Jasa Jakarta
Hong Kong-based fintech platform WeLab, along with Indonesian firm Astra International (Astra), has completed the acquisition of commercial lender Bank Jasa Jakarta (BJJ). For…
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Hong Kong’s consumer lending market grew 5.5% in 2020
The consumer lending market in Hong Kong grew 5.5% in 2020 to reach a value of $313.5bn (HKD2.4tn), according to…
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Standard Chartered invests in KYC and data management firm Chekk
Standard Chartered has made an undisclosed investment in Hong Kong-based fintech firm Chekk to tap into the identity verification market. Chekk is a…
MUFG Bank sells Dah Sing stake to Japanese peer Norinchukin
Mitsubishi UFJ Financial Group’s (MUFG) core banking arm MUFG Bank has decided to offload its stake in Hong Kong-based financial group…
HSBC faces pressure to split global banking operations
UK-based banking group HSBC is under pressure from its largest shareholder Ping An to split its business, Financial Times reported citing sources. …
Opinion: Ukraine makes it harder for companies such as HSBC to remain ‘apolitical’ about China
US lawmakers recently asked HSBC if it is undermining democratic freedoms in Hong Kong. The Ukraine war makes this question…
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HSBC shuts bank branches in Hong Kong as Covid-19 surges
British banking giant HSBC has closed down some branches as well as its main office in Hong Kong after many…
StanChart-backed Mox Bank launches payroll account
Standard Chartered-backed digital lender Mox Bank is launching ‘Payroll’, which allows customers to use Mox as their payroll account. The…