Fintech

HK Encourages brokers and insurers to go fintech

Both the securities watchdog and insurance regulator in Hong Kong have introduced measures to encourage brokerage firms and insurance companies to promote the use of fintech among their clients as part of a wider Hong Kong government efforts to gear up the city to compete with overseas rival such as Singapore. Read more at SCMP

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Singapore and Switzerland in fintech collaboration

THE Monetary Authority of Singapore (MAS) and the Swiss Financial Market Supervisory Authority (Finma) have signed an agreemen so thach fintech companies in Singapore and Switzerland to expedite initial discussions on introducing new fintech solutions in each other’s market and understand regulatory requirements, Read more at Business Times  

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Seoul urged to build `fintech bridge’ with major nations

Korea is being left out of a global wave of fintech alliances due to its inward-focused strategy and a lack of deregulatory reforms to respond to market changes. To become Asia’s fintech center, it is urgent for Korea to build a “fintech bridge” with major nations by creating a regulatory environment conducive to fostering a…

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Federation of fintech hubs

Financial technology groups from more than 20 cities across the world plan to form a federation of ‘fintech’ hubs this year in what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry. Bodies representing more than 20 fintech clusters from across the globe – including Shanghai, Nairobi and Istanbul…

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