Hong Kong

QNB Group receives regulatory nod for Hong Kong branch

QNB Group, a Qatar-based bank, has secured the go-ahead from the Hong Kong Monetary Authority to set up a branch…

Hong Kong updates liquidity facilities framework to aid embattled banks

Hong Kong Monetary Authority (HKMA), the central bank of the city, has updated its funding framework to assist banks in…

Standard Chartered plans virtual retail bank in Hong Kong

British banking group Standard Chartered plans to launch a virtual retail bank in Hong Kong, CEO Bill Winters said. Speaking…

Hong Kong introduces FPS system for smart banking

The Hong Kong Monetary Authority (HKMA) has introduced the Faster Payment System (FPS) to facilitate fund transfers. The transfers will…

Hong Kong receives 29 applications for digital banking licence

The Hong Kong Monetary Authority has received 29 applications from various entities seeking licence to open a digital bank in…

Citi adds three new partners to its APIs ecosystem in Hong Kong

Citibank Hong Kong has expanded its application programming interface (API) ecosystem by adding GL Tours, Fortress and Watsons as partners.…

LATTICE80 enters new partnership to facilitate Singapore-Hong Kong fintech

LATTICE80 has entered into a partnership with fintech Accelerator SuperCharger to facilitate exchange between the fintech ecosystems in Singapore and…

Hong Kong’s Dah Sing Bank introduces mobile biometric authentication system

Hong Kong-based Dah Sing Bank (DSB) has successfully implemented mobile biometric authentication system that allows the bank’s customers to access…

Standard Chartered to apply for virtual bank licence in Hong Kong

British banking major Standard Chartered is set to file an application with the Hong Kong Monetary Authority (HKMA) for a…

Hong Kong issues new guidelines for virtual bank authorisation

The Hong Kong Monetary Authority (HKMA) has renewed Guideline on Authorization of Virtual Banks after conducting public consultation. During the…