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LGT in regtech revamp with Wolters Kluwer

LGT in regtech revamp

Liechtenstein’s private bank and asset manager LGT is working on a regtech project with Wolters Kluwer. LGT is implementing the vendor’s OneSumX platform for the regulatory reporting and risk management of its Asian operations – in Singapore and Hong Kong.

Banking Technology March 2017 issue out now

Banking Technology March 2017

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Top fintech stories this week – 20 January 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

The Monday mindset: 16 January 2017

Banking Tech 2

Fintech zeitgeist! Welcome to the first in a new series of brief reports. Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. Anything goes, so here goes. Rome versus Carthage. Britain versus France. History shows […]

HSBC targets Hong Kong millennials with new social payment app

HSBC-Logo

HSBC will unveil a new payment app in Hong Kong in early 2017 aimed at millennials and offering a social aspect in addition to just payments. Called PayMe, it is “available to everyone in Hong Kong”, regardless which local bank the customer uses. However, the small print says it is only eligible to users with […]

Shinhan Bank and Streami to launch Bitcoin remittance service

Shinhan Bank HQ, Seol. Image source: Kaniwari, Wikimedia Commons

South Korea’s Shinhan Bank is launching a Bitcoin remittance service between Korea and China, with Hong Kong as an intermediary. The service will be available in December.

Thieves steal $72m from Hong Kong Bitcoin exchange

bitcoin

It’s all gone wrong in Hong Kong as about $72 million worth of Bitcoin was stolen from the Bitfinex exchange platform. Nearly 120,000 units have been pilfered making it the second-biggest security breach ever of such an exchange. Bitfinex is one of the largest exchanges for Bitcoin, and according to Reuters is known in the […]

London Stock Exchange signs first Hong Kong member

The London Stock Exchange has welcomed BOCI Securities as its first member from Hong Kong. BOCI Securities, a wholly owned subsidiary of BOC International Holdings, joins London Stock Exchange less than two months after regulatory approval was received from Hong Kong’s Securities and Futures Commission allowing Hong Kong firms to become members.

Chinese renminbi regains place in top five global currencies

Swift RMB June 2015

The Chinese renminbi continues to gain ground internationally as more banks adopt the currency, propelling its position into the top five global payment currencies worldwide, according to the latest batch of data from Swift.

LSE opens direct membership to Hong Kong

CCP risks could pose a threat to financial stability

The London Stock Exchange has obtained approval for Hong Kong companies to become members. Previously, only companies from the European Economic Area and Israel could join.

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