Hong Kong Monetary Authority

WeLab Bank Teams Up with Solace to Achieve Digital Banking Ambitions

Thursday, September 17, 2020 - 1:33am

Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.

Key Points: 
  • Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.
  • Solace's secure and scalable messaging backbone has been invaluable in helping WeLab Bank shorten the time-to-market for our current and future digital bank offerings," said Kenneth Chau , Chief Technology Officer at WeLab Bank.
  • "Solace is proud to be a part of Hong Kong's digital banking revolution by working with WeLab Bank to bring a next-generation banking experience to fruition," said Sumeet Puri , Chief Technology Solutions Officer, Solace.
  • WeLab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").

ZA Bank Readies for Transformation of Hong Kong Banking with Selection of Fiserv Payment Technology

Thursday, February 6, 2020 - 8:00am

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, and ZA Bank , the first virtual bank to launch a pilot trial in Hong Kong, today announced that the bank is leveraging technology from Fiserv to enable a transformative banking experience for its customers.

Key Points: 
  • Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, and ZA Bank , the first virtual bank to launch a pilot trial in Hong Kong, today announced that the bank is leveraging technology from Fiserv to enable a transformative banking experience for its customers.
  • To help ZA Bank fulfill this goal, Fiserv is equipping the bank with VisionPLUS global payment software, which supports the entire card payment lifecycle, including origination, card issuance, authorization, settlement and customer service.
  • We are pleased to partner with Fiserv as we embark on a journey to shift the lifestyle of future banking users, said Rockson Hsu, CEO of ZA Bank.
  • ZA Bank Limited (ZA Bank), licensed by the Hong Kong Monetary Authority (HKMA) on 27 March 2019, is one of the first batch of virtual banks in Hong Kong, offering a wide range of online financial services to Hong Kong users.

Geoswift Secures SVF Licence as Hong Kong Steps Closer Towards a Cashless and Digital Payment World

Monday, May 20, 2019 - 2:00pm

HONG KONG, May 20, 2019 /PRNewswire/ -- Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities ("SVF") Licence by the Hong Kong Monetary Authority.

Key Points: 
  • HONG KONG, May 20, 2019 /PRNewswire/ -- Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities ("SVF") Licence by the Hong Kong Monetary Authority.
  • With the SVF licence, Geoswift can provide greater convenience and a better experience for consumers and merchants and move closer to providing a seamless cashless, digital payment world.
  • With our new SVF licence as well as our other regional licences, we have a very solid foundation to deliver more comprehensive payment solutions to foster a truly cashless and digital payment world."
  • Geoswift Cards Services secured the Stored Value Facilities Licence (SVF00015) from the Hong Kong Monetary Authority in May 2019.

Geoswift Secures SVF Licence as Hong Kong Steps Closer Towards a Cashless and Digital Payment World

Monday, May 20, 2019 - 9:00am

HONG KONG, May 20, 2019 /PRNewswire/ -- Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities ("SVF") Licence by the Hong Kong Monetary Authority.

Key Points: 
  • HONG KONG, May 20, 2019 /PRNewswire/ -- Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, announced today that its Hong Kong entity has been granted a coveted Stored Value Facilities ("SVF") Licence by the Hong Kong Monetary Authority.
  • With the SVF licence, Geoswift can provide greater convenience and a better experience for consumers and merchants and move closer to providing a seamless cashless, digital payment world.
  • With our new SVF licence as well as our other regional licences, we have a very solid foundation to deliver more comprehensive payment solutions to foster a truly cashless and digital payment world."
  • Geoswift Cards Services secured the Stored Value Facilities Licence (SVF00015) from the Hong Kong Monetary Authority in May 2019.

Ping An delivers Hong Kong's first blockchain-powered trade finance platform

Wednesday, October 31, 2018 - 2:04pm

HONG KONG, Oct. 31, 2018 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group" or "the Company")(HKEx: 2318)(SSE: 601318) delivered Hong Kong's first blockchain-based international trade finance platform, eTradeConnect, which is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority ("HKMA").

Key Points: 
  • HONG KONG, Oct. 31, 2018 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group" or "the Company")(HKEx: 2318)(SSE: 601318) delivered Hong Kong's first blockchain-based international trade finance platform, eTradeConnect, which is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority ("HKMA").
  • OneConnect, a fintech subsidiary of Ping An, was appointed by the founding banks through Hong Kong Trade Finance Platform Company Limited as the technological provider to help design, develop and deploy the platform.
  • Representing OneConnect, Ping An Group Deputy CEO, COO and CIO, Jessica Tan said: "OneConnect is proud to have helped deliver Hong Kong's first blockchain-powered trade finance platform.
  • Founding banks of the platform include The Australia and New Zealand Banking Group Limited (ANZ), Bank of China (Hong Kong) Limited, The Bank of East Asia, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited.

Ping An delivers Hong Kong's first blockchain-powered trade finance platform

Wednesday, October 31, 2018 - 1:31pm

HONG KONG, Oct. 31, 2018 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group" or "the Company")(HKEx: 2318)(SSE: 601318) delivered Hong Kong's first blockchain-based international trade finance platform, eTradeConnect, which is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority ("HKMA").

Key Points: 
  • HONG KONG, Oct. 31, 2018 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group" or "the Company")(HKEx: 2318)(SSE: 601318) delivered Hong Kong's first blockchain-based international trade finance platform, eTradeConnect, which is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority ("HKMA").
  • OneConnect, a fintech subsidiary of Ping An, was appointed by the founding banks through Hong Kong Trade Finance Platform Company Limited as the technological provider to help design, develop and deploy the platform.
  • Representing OneConnect, Ping An Group Deputy CEO, COO and CIO, Jessica Tan said: "OneConnect is proud to have helped deliver Hong Kong's first blockchain-powered trade finance platform.
  • Founding banks of the platform include The Australia and New Zealand Banking Group Limited (ANZ), Bank of China (Hong Kong) Limited, The Bank of East Asia, Limited, DBS Bank (Hong Kong) Limited, Hang Seng Bank Limited, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited.