hong kong fintech

Nov

Will the Hong Kong fintech sector continue to grow in 2020?

Research by Hong Kong University shows that the city’s fintech sector grew steadily from April 2018-March 2019. According to HKU’s data, the Hong Kong FinTech Growth Index for 2019-20 increased by 52.9% during that period. Looking primarily at fintech customer adoption rate, the picture is relatively rosy – that figure…

Oct

Asia Banking Research

Why has fintech investment in Singapore hit a record high?

Singapore is expecting sub 1% economic growth this year, but you wouldn’t know it from the city-state’s booming fintech sector. Research firm Accenture estimates that investors sank $735 million into Singapore fintechs from January-September, up 69% year-on-year and surpassing the $642 million for all of 2018. The top areas for…

Jul

Asia Banking Research

Can WeLab’s virtual bank succeed in Hong Kong?

In April, the Hong Kong-based fintech startup WeLab quietly won the former British colony’s fourth virtual-banking license. Founded in 2013 by ex-Citibank executive Simon Loong and two other partners, the company has steadily grown over the last six years. It now has 30 million customers in Hong Kong and mainland…

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