hong kong fintech

Aug

It may only get harder for digital banks in Hong Kong

There is a fundamental problem with digital banks in Hong Kong. Not only are they non-essential because the city’s population is so well banked, they also are almost all the offshoots of large incumbent lenders and/or tech companies. What that means is that most of them lack a startup ethos.…

Feb

Asia Banking Research

Hong Kong’s virtual banks have their work cut out for them

Two years ago, Hong Kong made fintech history in Asia as the region’s first major economy to greenlight digital banks. As of the end of 2020, all eight of the banks were finally live. Political and covid-related disruptions had delayed their launch. Judging by the digibanks’ marketing literature, they are…

Feb

Fintech Research

2020 Top Ten Asia Fintech Trends #9: Hong Kong’s fintech future faces unprecedented challenge

Hong Kong entered 2020 in recession and wracked by political unrest. It remains Asia’s paramount financial center for now, but its future looks uncertain. Holding onto incumbents is less of a problem than persuading tomorrow’s rising stars to base themselves in the city.

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