financial tech Archive

Hong Kong unveils a digital hub to boost fintech startups and innovation

Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia after the Hong Kong Monetary Authority (HKMA) unveiled a hub and new allowances to spur innovation. Speaking at an event today — first noted by Bloomberg — HKMA CEO Norman Chan announced plans for a ‘fintech innovation hub’ where new financial products and services can be tested and trialled away …