F|T: The FinTech Times – Hong Kong FinTech

Hong Kong

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

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FinTech startups cash in at Product Hunt TO Feb. 4th(BETAKIT)

The event will feature a keynote speech from Michael Garrity, CEO of Financeit.

“The Most Important Thing I Learned About Money Is Nobody Knows Anything.”(WEALTHSIMPLE)

Alex Blumberg—producer of This American Life, creator of NPR’s Planet Money, and founder of Gimlet Media—tells us how going from journalist to entrepreneur gave him more faith in billionaires. (sponsored)

Hong Kong Fintech Startup Nabs $160M In Funding And Sets New Benchmark(FORBES)

The new $160 million financing at a near-unicorn valuation for Hong Kong-based fintech innovation WeLab sets a new benchmark for the city’s bustling startup scene.

Hong Kong banks to roll out mobile P2P payment network(FINEXTRA)

Bank-backed Hong Kong ATM network Jetco is to launch a P2P mobile payment system with a consortium of 12 of the territory’s leading banks.

BMO first of big banks to launch robo-advisor service(MONEYSENSE)

After a trial run that started on Dec. 7, the service — dubbed SmartFolio — is available to all investors.

Bitcoin Is Dead (Again), Long Live Bitcoin (Again)(TECHCRUNCH)

What’s really at stake here are two far more contentious things: what is the future of Bitcoin? And who gets to define it?

Monthly UK contactless spending busts the £1 billion barrier(FINEXTRA)

Contactless payments totalled £1.02 billion in November 2015, new data from The UK Cards Association shows. By contrast, in January 2015, contactless spending amounted to just £287 million.

Is VC The Right Money For FinTech?(TECHCRUNCH)

Finance is centered around transactions rather than building cumulative experiences. It runs contra to building a business where you have to put off a dollar today to make 10 next month.

Feature image courtesy Wikipedia.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

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