HKMA

WeLab Bank Launches GoWealth and Becomes Asia's 1st Purely-digital Bank to Launch Digital Wealth Advisory Solution

Retrieved on: 
Thursday, July 7, 2022
Bank, Debit card, CK Hutchison Holdings, WeLab, Probability, Sequoia Capital, WeLab Bank, World Bank Group, Allianz, Growth, Securities and Futures Commission, Sale, Goal, Industry, TOM Group, Risk, Allianz Global Investors, Data, Technology, Accreditation, Security (finance), International Finance Corporation, Goal-based investing, EUR, Risk management, Head, Hong Kong Monetary Authority, Solution, HKMA, Instagram, Science and technology in Asia, World, Comment, Multimedia, Donor managed investment account, Khazanah Nasional, Financial services, Tutoring, Health insurance

HONG KONG, July 7, 2022 /PRNewswire/ -- WeLab Bank (or "the Bank"), the virtual bank dedicated to curating intelligent banking experience, announced that it had become Asia's 1st purely-digital bank independent of traditional banking groups in major Asian markets to launch digital wealth advisory solution1as its GoWealth Digital Wealth Advisory (GoWealth) rolled out to market today. Over the two-month trial period, the innovative solution achieved a satisfactory result in the goal-setting flow for over 65,000 visitors. 70% of reviewers expressed that they were looking forward to the official product launch. GoWealth combines the fintech strength of WeLab Bank with the investment expertise of Allianz Global Investors (AllianzGI), one of the world's leading asset management firms, empowering customers to reach their financial goals on "autopilot" with an end-to-end approach.

Key Points: 
  • Understanding these pain points, WeLab Bank is determined to digitalize and democratize wealth advisory through GoWealth.
  • On this occasion, by launching GoWealth, we are proud to become Asia's 1st purely-digital bank to launch a digital wealth advisory solution1.
  • WeLab Bank trail-blazes digital wealth management services through GoWealth, backed by its fintech experience and AllianzGI's investment management expertise.
  • Welab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").

OSL Digital Securities and Interactive Brokers Sign Agreement, OSL to Provide Exclusive Virtual Asset Services for Interactive Brokers in Hong Kong

Retrieved on: 
Thursday, June 9, 2022
Online, Securities and Futures Commission, IBKR, APAC, SFC, Interactive Brokers, OTC, Hong Kong Monetary Authority, Digital security, Barron's, Ecosystem, Nasdaq, Investment, Digital, OSL, Technology, Risk, Compliance, Industry, HK, HKMA, Software as a service, Broker, Automation, Property management, Cryptocurrency, Financial services

HONG KONG, June 9, 2022 /PRNewswire/ -- OSL Digital Securities, the world's first Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors, and a subsidiary of BC Technology Group (stock code: 863 HK), and Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced today the appointment of OSL Digital Securities to provide exclusive virtual asset dealing services for Interactive Brokers in Hong Kong.

Key Points: 
  • HONG KONG, June 9, 2022 /PRNewswire/ -- OSL Digital Securities, the world's first Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors, and a subsidiary of BC Technology Group (stock code: 863 HK), and Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced today the appointment of OSL Digital Securities to provide exclusive virtual asset dealing services for Interactive Brokers in Hong Kong.
  • A significant milestone in the evolution of the Hong Kong digital asset markets, the agreement represents the first collaboration between one of the largest SFC-regulated online brokers serving Hong Kong professional investors and an SFC-licensed institutional digital asset brokerage and exchange.
  • Upon go-live, Interactive Brokers will offer virtual asset dealing services directly to its professional investor trading clients in Hong Kong, powered by OSL.
  • "OSL is a global leader in regulatory compliant digital asset trading and custody and we're thrilled to work with Interactive Brokers," said OSL CEO Wayne Trench.

OSL Digital Securities and Interactive Brokers Sign Agreement, OSL to Provide Exclusive Virtual Asset Services for Interactive Brokers in Hong Kong

Retrieved on: 
Thursday, June 9, 2022
Online, Securities and Futures Commission, IBKR, APAC, SFC, Interactive Brokers, OTC, Hong Kong Monetary Authority, Digital security, Barron's, Ecosystem, Nasdaq, Investment, Multimedia, Digital, OSL, Technology, Risk, Compliance, Industry, HK, HKMA, Software as a service, View, Broker, Automation, Property management, Cryptocurrency, Financial services

A significant milestone in the evolution of the Hong Kong digital asset markets, the agreement represents the first collaboration between one of the largest SFC-regulated online brokers serving Hong Kong professional investors and an SFC-licensed institutional digital asset brokerage and exchange.

Key Points: 
  • A significant milestone in the evolution of the Hong Kong digital asset markets, the agreement represents the first collaboration between one of the largest SFC-regulated online brokers serving Hong Kong professional investors and an SFC-licensed institutional digital asset brokerage and exchange.
  • Upon go-live, Interactive Brokers will offer virtual asset dealing services directly to its professional investor trading clients in Hong Kong, powered by OSL.
  • "OSL is a global leader in regulatory compliant digital asset trading and custody and we're thrilled to work with Interactive Brokers," said OSL CEO Wayne Trench.
  • "Investors worldwide are rallying to digital asset markets, and the collaboration with OSL comes at a key moment in the development of the regulated digital asset ecosystem in Hong Kong," said David Friedland, Head of APAC at Interactive Brokers.

Hong Kong Cards and Payments Market Analysis, Opportunities and Risks, 2017-2021 & 2022-2025 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 13, 2022
Other Professional Services, Finance, Banking, Professional Services, Technology, Mobile, Wireless, Other Technology, Security, Government, Payment, COVID-19, POS, Research, Tourism, HKT, Common, HKMA, Visa, PCCW, Standard Chartered, Industry, Hong Kong Monetary Authority, Tutoring, Bank

The "Hong Kong Cards and Payments - Opportunities and Risks to 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Hong Kong Cards and Payments - Opportunities and Risks to 2025" report has been added to ResearchAndMarkets.com's offering.
  • The report provides detailed analysis of market trends in Hong Kong's cards and payments industry.
  • This report provides top-level market analysis, information and insights into Hong Kong's cards and payments industry, including:
    Current and forecast values for each market in Hong Kong's cards and payments industry, including debit, credit, and charge cards
    Detailed insights into payment instruments including cash, cards, direct debits, credit transfers and cheques.
  • The Hong Kong QR mobile app can be used by consumers to make payments at all retailers accepting the Common QR Code.

Feedzai is 2022 SPARK Matrix Leader in the Global AML Market by Quadrant Knowledge Solutions

Retrieved on: 
Tuesday, April 12, 2022
Knowledge, CDD, MAS, Friction, Automated machine learning, Quadrant, SPARK, Population, Research, Automation, Machine learning, Suite, Artificial intelligence, Fraud, Goal, Case management, Matrix, HKMA, Privacy, Technology, AML, Solution, Strategic business unit, Monetary Authority of Singapore, BSA, Financial institution, Anomaly, Risk, Financial Crimes Enforcement Network, WLF, Architecture, NLP, KYC, Risk management, Online shopping, Cryptocurrency, Genome

MIDDLETON, Mass., April 12, 2022 /PRNewswire/ -- Quadrant Knowledge Solutions recently announced that it has named Feedzai , the world's first RiskOpsplatform for financial risk management, as a 2022 technology leaderin the SPARK Matrix analysis of the global Anti-Money Laundering (AML) market.

Key Points: 
  • MIDDLETON, Mass., April 12, 2022 /PRNewswire/ -- Quadrant Knowledge Solutions recently announced that it has named Feedzai , the world's first RiskOpsplatform for financial risk management, as a 2022 technology leaderin the SPARK Matrix analysis of the global Anti-Money Laundering (AML) market.
  • Driven by the strong overall performance across the performance parameters of technology excellence and customer impact, Feedzai is positioned amongst the 2022 technology leaders in the global AML market.
  • For more information about Feedzai's AML Platform: Link
    Complimentary Download SPARK Matrix: Anti-Money Laundering (AML), 2022: link To know more about Feedzai RiskOps, please click here .
  • At Quadrant Knowledge Solutions, our vision is to become an integral part of our client's business as a strategic knowledge partner.

Feedzai is 2022 SPARK Matrix Leader in the Global AML Market by Quadrant Knowledge Solutions

Retrieved on: 
Tuesday, April 12, 2022
Knowledge, CDD, MAS, Friction, Automated machine learning, Quadrant, SPARK, Population, Research, Automation, Machine learning, Suite, Artificial intelligence, Fraud, Goal, Case management, Matrix, HKMA, Privacy, Technology, AML, Solution, Strategic business unit, Monetary Authority of Singapore, BSA, Financial institution, Anomaly, Risk, Financial Crimes Enforcement Network, WLF, Architecture, NLP, KYC, Risk management, Online shopping, Cryptocurrency, Genome

MIDDLETON, Mass., April 12, 2022 /PRNewswire/ -- Quadrant Knowledge Solutions recently announced that it has named Feedzai , the world's first RiskOpsplatform for financial risk management, as a 2022 technology leaderin the SPARK Matrix analysis of the global Anti-Money Laundering (AML) market.

Key Points: 
  • MIDDLETON, Mass., April 12, 2022 /PRNewswire/ -- Quadrant Knowledge Solutions recently announced that it has named Feedzai , the world's first RiskOpsplatform for financial risk management, as a 2022 technology leaderin the SPARK Matrix analysis of the global Anti-Money Laundering (AML) market.
  • Driven by the strong overall performance across the performance parameters of technology excellence and customer impact, Feedzai is positioned amongst the 2022 technology leaders in the global AML market.
  • For more information about Feedzai's AML Platform: Link
    Complimentary Download SPARK Matrix: Anti-Money Laundering (AML), 2022: link To know more about Feedzai RiskOps, please click here .
  • At Quadrant Knowledge Solutions, our vision is to become an integral part of our client's business as a strategic knowledge partner.

ComplianceAsia hosts half-day Asia regulatory update seminar in London

Retrieved on: 
Wednesday, October 13, 2021
People, VCC, Financial services, Telephone, Securities and Futures Commission, FMCC, Biophysical environment, TRM, FAQ, MAS, Bank, IAC, Embassy of Japan, Washington, D.C., HKMA, CSRC, Bank of China, GDP, Legislation, SFC, Money, Treasury, Social, AMAC, Fund, Risk management, Security (finance), Monetary Authority of Singapore, Guideline, Knowledge, CEO, Diplomatic mission, Directorate-General for Economic and Financial Affairs, Compliance, AML, Ecosystem, Airline

LONDON, Oct. 13, 2021 /PRNewswire/ --International financial firmsshould brace for major changes in the Asian financial industry, according to a seminarhosted by ComplianceAsia ,thelongest establishedcompliance consultingfirmintheAsia Pacificregion.

Key Points: 
  • LONDON, Oct. 13, 2021 /PRNewswire/ --International financial firmsshould brace for major changes in the Asian financial industry, according to a seminarhosted by ComplianceAsia ,thelongest establishedcompliance consultingfirmintheAsia Pacificregion.
  • During the seminar, Philippa Allen, CEO and Founder,ComplianceAsia,AlexDuperouzel, Managing Director, ComplianceAsiaand Jasper Yip, Partner in the financial services practice of Oliver Wyman Hong Kong providedthe latest regulatory changes around Asia Pacific and recent enforcement actionsin Asia Pacific.Keynote speakers included Mr Minoru Nakamura, Minister for Financial Affairs, Embassy of Japan in the UK.
  • Our seminar today in London is designed to provide practical guidance and updates to compliance officers with responsibility for offices in Asia Pacific."
  • AlexDuperouzel added: "Financial services become more complex each year from a regulatory perspective and the Asian region is part of that trend.

ComplianceAsia hosts half-day Asia regulatory update seminar in London

Retrieved on: 
Wednesday, October 13, 2021
People, VCC, Financial services, Telephone, Securities and Futures Commission, FMCC, Biophysical environment, TRM, FAQ, MAS, Bank, IAC, Embassy of Japan, Washington, D.C., HKMA, CSRC, Bank of China, GDP, Legislation, SFC, Money, Treasury, Social, AMAC, Fund, Risk management, Security (finance), Monetary Authority of Singapore, Guideline, Knowledge, CEO, Diplomatic mission, Directorate-General for Economic and Financial Affairs, Compliance, AML, Ecosystem, Airline

LONDON, Oct. 13, 2021 /PRNewswire/ --International financial firmsshould brace for major changes in the Asian financial industry, according to a seminarhosted by ComplianceAsia ,thelongest establishedcompliance consultingfirmintheAsia Pacificregion.

Key Points: 
  • LONDON, Oct. 13, 2021 /PRNewswire/ --International financial firmsshould brace for major changes in the Asian financial industry, according to a seminarhosted by ComplianceAsia ,thelongest establishedcompliance consultingfirmintheAsia Pacificregion.
  • During the seminar, Philippa Allen, CEO and Founder,ComplianceAsia,AlexDuperouzel, Managing Director, ComplianceAsiaand Jasper Yip, Partner in the financial services practice of Oliver Wyman Hong Kong providedthe latest regulatory changes around Asia Pacific and recent enforcement actionsin Asia Pacific.Keynote speakers included Mr Minoru Nakamura, Minister for Financial Affairs, Embassy of Japan in the UK.
  • Our seminar today in London is designed to provide practical guidance and updates to compliance officers with responsibility for offices in Asia Pacific."
  • AlexDuperouzel added: "Financial services become more complex each year from a regulatory perspective and the Asian region is part of that trend.

Airstar Bank, established by AMTD, won 2020 Int'l Design Excellence Award

Retrieved on: 
Thursday, February 4, 2021
Hong Kong Monetary Authority, HKMA, Xiaomi, International Design Excellence Awards, Telecommunications, Companies

HONG KONG, Feb. 4, 2021 /PRNewswire/ -- Recently, Airstar Bank, jointly established by AMTD and Xiaomi, one of the eight virtual banks approved by Hong Kong Monetary Authority (HKMA), became bronze winner of the 2020 International Design Excellence Award.

Key Points: 
  • HONG KONG, Feb. 4, 2021 /PRNewswire/ -- Recently, Airstar Bank, jointly established by AMTD and Xiaomi, one of the eight virtual banks approved by Hong Kong Monetary Authority (HKMA), became bronze winner of the 2020 International Design Excellence Award.
  • This is the first in history for a banking app to win this award, reaffirming Airstar Bank's excellence in its technological advantage and design aesthetics of its digital interactive system and service.
  • The International Design Excellence Awards are one of the world's most famous, most rigorous annual design competition.Founded in 1980, with the Industrial Designers Society of America acting as its judge, the awards promote innovative industrial design, address production lifecycle effects on environment, create value, protect the ecosystem, while pursuing design beauty and visual appeal.
  • It is one of the first virtual banks approved by HKMA to officially open to public.

WeLab Bank Teams Up with Solace to Achieve Digital Banking Ambitions

Retrieved on: 
Thursday, September 17, 2020
Finance, WeLab Bank, Banks, Financial technology, WeLab, Financial services, Hong Kong Monetary Authority, ING Group, HKMA

Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.

Key Points: 
  • Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.
  • Solace's secure and scalable messaging backbone has been invaluable in helping WeLab Bank shorten the time-to-market for our current and future digital bank offerings," said Kenneth Chau , Chief Technology Officer at WeLab Bank.
  • "Solace is proud to be a part of Hong Kong's digital banking revolution by working with WeLab Bank to bring a next-generation banking experience to fruition," said Sumeet Puri , Chief Technology Solutions Officer, Solace.
  • WeLab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").