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HSBC Launches Digital Wallet in HK, Eyes Virtual Bank License for GBA
With Tencent and Alibaba encroaching on its most lucrative market, HSBC pushes back with a startup-aimed digital wallet of its own, the Financial Times reports. HSBC’s PayMe e-wallet has been around since 2017 but the company has quietly launched a new version designed for start-ups and small businesses. Stuart Tait, regional head of commercial banking for HSBC in Asia Pacific,
As Nokia Signs 5G Agreements, A Look At The Companies Adopting The Next-Gen Technology
Smart Cities
Nokia Corporation NOK 0.1% said Monday it now has more than 40 commercial agreements with the companies building 5G networks as it seeks to be a top player in the behind-the-scenes work to create the infrastructure behind the next-generation communications networks. “Since the announcement of the 30th commercial 5G contract at the end of March, the company has seen an
As Populists Rise, Latin America’s Economies Will Fall
In the space of a year, populists with autocratic tendencies have taken office in Mexico and Brazil, and laid the groundwork to return to power in Argentina. With the three largest economies in Latin America destined for further mismanagement, the prospects for growth in the region are dim. LONDON – Though US President Donald Trump tends to grab most of
Apple Adds CryptoKit Framework To iOS 13. Will It Bring A Crypto Wallet?
jaydeep_ / Pixabay During the WWDC keynote event, Apple showed off a bunch of new features coming to the iOS 13 software. The upcoming software would bring a new battery optimizer, Dark Mode, the ability to automatically block spam calls, Sign in with Apple, a swipable keyboard, and an updated Siri. One iOS 13 feature that didn’t get the stage
Are We Heading Toward A Cashless Society? The CEO Of Raise Thinks So
Benzinga's Fintech Focus Podcast features conversations with the biggest names in fintech. Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events. In this episode of the Fintech Focus podcast, we’re taking another look at the world of mobile payments with Jay Klauminzer, the
EY Global Blockchain Summit: What Blockchain Can Deliver Now
Paul Brody, EY Global Blockchain Leader, delivers the current reality and strategic vision for the future of blockchain at the 2019 EY Global Blockchain Summit. There are two big things happening in the world of blockchain. First, blockchain is taking shape in small, individual use cases here and there: crypto-exchanges and audits or software licensing and supply chain management. These
Well Being Digital’s Kow Ping at Healthtech O2O: Breakthrough!
Kow Ping, co-founder of Well Being Digital, took the stage at Healthtech O2O: Breakthrough! last week and after praising Hong Kong as the medical IoT capital of the world, he sent a message that was a little different. “Some of you are probably here because you want to think about how we can make healthcare not only affordable but available
Brexit Update: New Developments Raise No Deal Risks
Two important political developments in the UK over the last week have raised new questions about the Brexit outlook. While there’s still time for a compromise to be reached, we think the risk of the UK leaving the EU without a deal has increased. Last week’s dramatic events were not entirely unexpected. First, Prime Minister Theresa May announced that she
Zunosaki HK’s Alvin Cheung at Healthtech O2O: Breakthrough!
Among the innovators at Healthtech O2O: Breakthrough! was robotics whiz Alvin Cheung. Cheung is co-founder and COO of Zunosaki, a Hong Kong-based robotics and social venture which aims to build affordable robotics for rehab patients. The company, in simple words, makes cool robotic gloves which help stroke patients regain their independence. The portable gloves, named the HandyRehab gloves, helps patients
The Unlikely Partnership Between Community Banks And Fintech That's Changing The Financial World
Fintech’s role as a disruptor in the financial space often aligns it with other technologies that have fundamentally altered the industries to which they were introduced. Just as streaming effectively drove video rental to digital-only, the promise of fintech is often portrayed as the displacement of stodgy brick-and-mortar banks in favor of primarily online banking. While that’s certainly a component