Peter Yan says fintech is one of three main courses on Cyberport’s plate. Photo: Jonathan Wong

Hong Kong must further boost fintech development to stay ahead of Singapore and other rivals, Cyberport CEO Peter Yan warns

  • By leveraging its edge as global financial centre, city should make further inroads into financial technology, he says
  • Hong Kong is making good headway into virtual banking and some other areas
Topic |   Technology

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Peter Yan says fintech is one of three main courses on Cyberport’s plate. Photo: Jonathan Wong
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Hong Kong last month handed out the first three virtual bank licences that will allow them to launch banking services without the need for physical branches. Photo: Shutterstock

Hong Kong’s financial regulator urged to keep an open mind on fintech start-ups as city hands out virtual bank licences

  • Airwallex, a newly minted unicorn that moved from Melbourne to Hong Kong for a virtual bank licence, says it might consider other markets because of HKMA’s requirements
  • Interactive Brokers also says it is also eyeing virtual banking licences in other markets
Topic |   Fintech

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Hong Kong last month handed out the first three virtual bank licences that will allow them to launch banking services without the need for physical branches. Photo: Shutterstock
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