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According to a recent survey of AI firms in Asia by the Fintech Association of Hong Kong (FTAHK), around 75% of respondents cited Hong Kong as their headquarters while 70% regarded Hong Kong as their top market. However, many of these firms cite the lack of quality talent familiar with AI and big data processes as a major issue facing Hong Kong as an AI and big data financial services hub.
27 May 2022
Grab Financial Group (GFG), the fintech arm of Southeast Asian superapp Grab, has rolled out a new financial brand for digital payments, insurance, lending and wealth management. GrabFin will offer a single entry point to access payment, investment and insurance services on the Grab app. Along with the GrabFin launch, GFG is also introducing Earn+, an investment product for Singapore-based Grab users.
26 May 2022
Singapore-based fintech firm Hashstacs (STACS) has launched ESGpedia, a registry platform which will power the ESG Registry of the Monetary Authority of Singapore’s Project Greenprint.
25 May 2022
UBS has launched a digital platform that connects clients to experts, thought leaders and actionable ideas.
24 May 2022
Strategic investors include SET, UOB, with proceeds to target expansion, product innovation
24 May 2022
Singapore-based robo-adviser and digital wealth manager Syfe has launched operations in Hong Kong, marking its first foray outside its home market.
23 May 2022
The recent collapse of the Terra stablecoin and its associated token Luna highlights the risks of investing in cryptocurrency. Investments worth billions of dollars were wiped out almost overnight after the algorithmic system supporting the crypto pair crumbled. For PGIM, the investment management business of Prudential Financial, the latest blow to crypto investing supports its view that cryptocurrency is a “portfolio kryptonite” that offers little benefit to an institutional investor while adding considerable volatility and risk.
19 May 2022
Facility aims to support CREI in improving local community connectivity, meeting data traffic needs
19 May 2022
Asean leaders in US for summit pitch EV maker for partnerships, investment
18 May 2022
Shift to Covid co-existence will allow foreigners to fill booming tech sector vacancies
16 May 2022
Terraform Labs, the Korean-managed and Singapore-headquartered company, shuttered its Terra blockchain platform after the price of its Terra USD stablecoin and cryptocurrency Luna lost almost all their value, wiping out billions of dollars of wealth and rattling the global crypto market.
16 May 2022
Pandemic disruptions catalyst to improving tourism, agriculture, electronics, digital trade
13 May 2022
Chainalysis, a New York-based blockchain analytics and cryptocurrency data provider, has raised announced US$170 million in a Series F funding round led by Singapore wealth fund GIC, bringing its valuation to US$8.6 billion.
13 May 2022