In a recent announcement, the Hong Kong Monetary Authority (HKMA) has made technical adjustments to the Mortgage Insurance Programme (MIP), according to the Hong Kong Monetary Authority. These changes align with the countercyclical macroprudential measures initially introduced on 28 February 2024. Expanded Eligibility Criteria HKMC Insurance Limited (HKMCI) has confirmed
The Hong Kong Monetary Authority (HKMA) has issued a circular to banks detailing technical adjustments to the countercyclical macroprudential measures for property mortgage loans, initially announced on February 28, 2024, according to the HKMA. Expansion of Measures The applicability of these measures has been broadened to include mortgage applications for
“Today, we have a perfect example and story of a company born and raised in Hong Kong, which expanded into the Greater Bay Area and now has a very successful global footprint,” Chan said during a panel discussion after the signing. Hong Kong’s Chief Executive John Lee Ka-chiu, who announced the establishment of HKIC in
Government-owned Hong Kong Investment Corporation (HKIC), which manages HK$62 billion (US$8 billion) of funds, will make its first batch of investment in start-ups this month as authorities seek to strengthen innovation and technology as a core pillar to provide sustainable economic development in the city. “We will make our first batch of direct investment or
A start-up is trying to catch the artificial intelligence (AI) surge to bring financial services to the underbanked population in developing markets. Meet Surfin-Meta, a Singapore-based fintech company that is making waves – and money – with its inclusive vision of financial empowerment. The firm, with services spanning lending, credit cards, payment remittance and wealth
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to a Thursday press release. The request for information encompasses “uses,
The following is a guest post from Tim Haldorsson, CEO of Lunar Strategy. In nine short years, Ethereum has gone from pioneering on-chain smart contracts and programmable crypto to becoming the backbone of decentralized finance and blockchain infrastructure. The recent SEC approval of ETH ETFs is just a single step in this journey, albeit a
Overview of Binance Binance, the world’s leading cryptocurrency exchange, continues to dominate the global market, serving 169 million registered users in over 180 countries. Known for its low fees and a broad range of cryptocurrencies, Binance is the preferred platform for trading Bitcoin, Altcoins, and other virtual assets. Trading Opportunities
Enzo Villani (left), CEO of Alpha Transform Holdings, and Chiru Bhavansikar, Chief AI Officer at Arhasi Frisco-based AI solution engineering firm Arhasi Inc. has received a strategic investment from Alpha Transform Holdings (ATH), which also invested in Florida-based Cloudbench LLC. In conjunction with the investments, Enzo Villani, CEO of ATH and managing partner of Alpha
Atrium Mortgage Investment (TSE:AI – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, May 14th. Atrium Mortgage Investment (TSE:AI – Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$25.91 million during