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FinTech

UBS backs $37 million round for climate fintech startup Doconomy

by Edgar Davis
UBS backs  million round for climate fintech startup Doconomy

From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on …

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US executive urges Hong Kong to step up efforts to counter negative narratives, says American business community not well aware of Greater Bay Area blueprint

by Walter Watson
US executive urges Hong Kong to step up efforts to counter negative narratives, says American business community not well aware of Greater Bay Area blueprint

Under the ambitious plan introduced a decade ago, Beijing aims to build a hi-tech powerhouse by 2035 by economically integrating Hong Kong, Macau and nine cities in Guangdong province in …

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FTX Ryan Salame sentenced

by Ron Morgan
FTX Ryan Salame sentenced

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of …

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What HKMA’s second experiment with retail e-HKD means for Hong Kong residents

by Anas Siddiqui
What HKMA’s second experiment with retail e-HKD means for Hong Kong residents

Traditionally, consumers turn to banks to help fund home purchases, at interest rates based on the amount and length of borrowing. But with the e-HKD, Hong Kong residents could potentially …

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Customers say they can’t access funds

by Walter Watson
Customers say they can’t access funds

Sarinyapinngam | Istock | Getty Images A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for …

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Uniswap fights back against SEC as the ethereum crackdown continues

by Walter Watson
Uniswap fights back against SEC as the ethereum crackdown continues

For years, the Securities and Exchange Commission has been cracking down on the crypto sector writ large, but in the last few months, the agency appears to have trained its …

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Klarna says 90% of its employees are using generative AI daily

by Ron Morgan
Klarna says 90% of its employees are using generative AI daily

Rafael Henrique | SOPA Images | LightRocket via Getty Images Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now …

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Most customers of crypto firm will get all money back

by Edgar Davis
Most customers of crypto firm will get all money back

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Almost all customers …

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Inside the final prison verdict on an epic crypto CEO rivalry

by Edgar Davis
Inside the final prison verdict on an epic crypto CEO rivalry

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty …

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Opinion | To restore its financial dynamism, Hong Kong must truly embrace diversity

by Walter Watson
Opinion | To restore its financial dynamism, Hong Kong must truly embrace diversity

As a third-generation Hongkonger hailing from an Indian family that has been in the city for more than a century, I have met many investors and high-net-worth individuals from Southeast …

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