News > FinTech

A Bitcoin Selloff Brings Down All Cryptocurrencies With It
FinTech
After months of gains that pushed it up to record highs a week ago, bitcoin has fallen by 27% since Monday as investors began selling off the cryptocurrency, as the Wall Street Journal's Paul Vigna reports. Before its dip, bitcoin had surged past the $3,000 mark on Monday through significant inflows driven by two main factors, according to the Journal: New rules
UBS Wealth Teams up With FinChat to Create a New, Compliance-Friendly Chat App for Asia
FinTech
Here’s an interesting move. According to a press release, UBS Wealth Management is developing a chat app in Asia that “allows secured social chat communication between its clients and advisors.” The app will be developed in UBS’ EVOLVE, its new Centre for Design Thinking and Innovation in Singapore, and will be built with the help of Singapore-based FinChat Technology. Dirk
Video: KYC Chain: How It Started and How It Helps Clients Manage Their Digital Identities via Blockchain
FinTech, Video
Andrew Work speaks to Edmund Lowell, founder of KYC chain, at the Jumpstarter Competition sponsored by Alibaba Enterprise Ventures, Cyberport and HKSTP. KYC-CHAIN uses DLT technology to help both banks and clients to leverage submitted documents to be able to share with any party for a second time, while giving customers control and consent over where and with whom their
MIT Delivers Near-Future Tech for Smartphones, AI, and Avatars
FinTech
EmTech Hong Kong gathered the brightest minds in both the Tech and business sector to see a glimpse of the future: new materials implanted on electronic devices to save energy and increase durability; avatars that make us feel for them; and an “always-on” Alexa in your head. World leading specialist on nanoarchitecture, Professor Kwok Wai Cheah, leads Cathay Photonics and
Futu Securities: Hong Kong's First Possible Unicorn!
FinTech
Here’s something interesting. According to China Money Network, Hong Kong may finally have its first magical pony: Chinese Internet giant Tencent Holdings Ltd. has led a US$145.5 million C round financing in Futu Securities, an online brokerage platform serving Chinese investors trading U.S. and Hong Kong-listed stocks. Existing investors Matrix Partners China and Sequoia Capital China also participated in the
Video: Lattice Limited and the World's First 'View-Driven' Roboadvisor
FinTech, Video
Andrew Work speaks to Dr Wing Cheung, founder of Lattice Limited, at the Fintech stage of the Jumpstarter Competition by Alibaba Enterprise Ventures, Cyberport and HKSTP. Lattice Limited is creating the world's first ever view-driven roboadvisor targeted at sophisticated high net worth individuals to better optimize their portfolios. Transcript: NEXCHANGE: Hi, I'm Andrew Work for NexChange. We're down here at
UK Fintech CEO Says Venture Capital Funding Already Decelerating
FinTech
Lawrence Wintermeyer, CEO of Innovate Finance, told CNBC that the massive wave of venture capital funding that poured into the fintech sector last year already seems to be scaling back. "Things in venture capital have slowed into 2017," he told CNBC at FundForum International in Berlin. "We're seeing globally more extensions of A-rounds and I think the prognosis is that it
Video: Hong Kong's Top Social Trading Platform, and Some of the Numbers Behind It
FinTech, Video
Andrew Work speaks to Samuel Wan, chairman and founder of StockFlash, at the Fintech stage of the Jumpstarter Competition by Alibaba Enterprise Ventures, Cyberport and HKSTP. StockFlash is the leading social trading platform in the Hong Kong stock market that helps users follow successful trade patterns without consuming time for research. Transcript: NEXCHANGE: Hi, I'm Andrew Work for NexChange and
US Banks Are Launching a Payment Service to Rival Venmo  
FinTech
More than 30 US banks, including giants such as Citibank, Chase, TD Bank and Bank of America, are introducing Zelle, an instant payment app, reports The Verge. The banks claim the differentiating factor of Zelle is its true instantaneousness. While apps like Venmo appear instant, it takes a couple days for the money to actually go from bank account to
Video: Ironfly Technologies and the One Fintech Solution to Rule Them All
FinTech, Video
Andrew Work speaks to Kevin Mak, CEO of Ironfly Technologies, at the Jumpstarter Competition sponsored by Alibaba Enterprise Ventures, Cyberport and HKSTP. Ironfly offers an institutional solution to manage assets more efficiently by using a system that compliments others. Transcript: NEXCHANGE: Hi, I'm Andrew Work for NexChange and we are down at the Jumpstarter competition sponsored by Alibaba,Cyberport and the