22 February 2018

Ben Ng

EJ Insight writer
  • Blockchain technology will be put to use for many more applications in the coming years, according to JP Nicols, managing director of of FinTech Forge.

    Banks still in testing mode on blockchain: JP Nicols

    - Feb 7, 2018 10:07am
    In an article carried Tuesday, we outlined the views of JP Nicols, a prominent bank innovation consultation expert, on the future of banking industry in China and Hong Kong. Now, in the second part of the interview,...
  • Partnering with tech companies is the way to go for China's banking industry, says JP Nicols, a leading bank innovation consultation expert. Photo: HKEJ

    Traditional banks waking up to fintech challenge, says JP Nicols

    - Feb 6, 2018 9:53am
    The banking industry is being disrupted by innovative fintech startups who are digitally driven, customer-centric and leveraging the cloud. With billions of dollars poured into fintech startups, traditional banks are realizing that they need to ramp...
  • eToro's Jasper Lee says it is too early to call the virtual currency phenomenon a bubble. Photos: eToro, Bloomberg

    Crypto market will grow even if bitcoin stumbles: eToro exec

    - Feb 6, 2018 9:51am
    Cryptocurrency’s rise has prompted fears of a massive speculative bubble that is bound to burst with ruinous consequences, but an industry professional says such dire warnings are premature, if not off the mark.  “I believe it...
  • Jasper Lee, head of eToro's Asia Pacific operations, says crypto-asset trading remains robust on the platform. Photo: eToro

    Crypto assets continue to lure thousands of new investors: eToro

    - Feb 5, 2018 2:55pm
    Despite a rough start in 2018, cryptocurrencies are continuing to draw hordes of new investors in many parts of the world, thanks to the record surge of bitcoin and other virtual units last year. Some trading...
  • David Maciejak, director of security research at Fortinet, said hackers targeting popular illicit sites like The Pirate Bay can earn up to US$12,000 per month. Photo: Fortinet/Reuters

    Is your computer secretly mining cryptocurrencies?

    - Jan 12, 2018 10:18am
    The year 2017 saw a worldwide craze over cryptocurrencies. With the meteoric surge in the prices of bitcoin and other virtual currencies, a new type of cybercrime has emerged: cryptojacking. This involves hackers who secretly use other people’s...
  • 8 Securities, co-founded by Mathias Helleu, launched Hong Kong’s first artificial intelligence financial advisor and wealth management app in late 2016. Photo: HKEJ

    8 Securities banks on robo-advisor, free trading to lure clients

    - Jan 8, 2018 12:57pm
    Local fintech startup 8 Securities launched Hong Kong’s first artificial intelligence financial advisor and wealth management app in late 2016. About a year after App Chloe’s launch, the robo-advisor has generated an impressive return of over 16...
  • Charles Li, chief executive of the stock exchange, believes more Chinese "new economy" companies will be attracted to Hong Kong as a result of the new listing rules. Photo: Reuters

    Hong Kong opens bourse to ‘new economy’ IPOs under new rules

    - Dec 18, 2017 5:47pm
    Hong Kong’s stock exchange has unveiled the biggest overhaul of its listing rules and procedures in recent decades, giving it a better shot at accommodating the next Alibaba. Biotechnology firms, companies with multiple classes of shares,...
  • 'Smart cities' need to devise a robust cybersecurity strategy to protect critical infrastructure, says Fortinet's Alvin Rodrigues. Photos: Reuters, Alvin Rodrigues

    Security challenges in smart-city development: An expert view

    - Dec 8, 2017 10:00am
    In her policy address in October, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor pledged new initiatives to spur innovation and technology development. Among the various proposals, she announced an HK$700 million investment in several projects...
  • Jorn Lyseggen has expressed disappointment that AI is being packaged as a marketing tool. Photo: Meltwater

    How AI and analytics are driving change in businesses

    - Dec 5, 2017 12:09pm
    Meet Meltwater, the media intelligence company that provides media monitoring and social media monitoring to help companies grow and build their brand. Starting with US$15,000 in 2002, Jorn Lyseggen built a version of Google Alerts before...
  • China will face some challenges if it wants to take its AI industry overseas, according to Norwegian serial entrepreneur Jorn Lyseggen. Photo: Meltwater

    China must tackle ‘trust issue’ to expand AI footprint: expert

    - Dec 5, 2017 11:56am
    China is making significant strides and closing the gap with the United States in artificial intelligence development, but it won’t be easy for the nation to build the industry footprint overseas, according to a prominent Norwegian...
  • Set up by three insurance professionals, 10Life helps users by providing relevant information from understanding insurance policies and filing claims to making product analyses and scores. Photo: HKEJ

    Meet 10Life, a startup that decodes insurance

    - Nov 14, 2017 11:20am
      A Hong Kong-based startup founded by experienced actuaries and insurance experts aims to decode complex insurance products into unbiased, easy to understand scores and rankings. Set up last year by three insurance professionals, 10Life helps...
  • Brooks Entwistle says Uber is looking into opportunities including payments and bike-sharing. Photo: Bloomberg

    Uber’s new Asia chief wants to work with govts and taxi firms

    - Nov 13, 2017 6:07pm
    Brooks Entwistle, who joined Uber as its chief business officer for Asia Pacific in August 2017, recently had an interview with TechCrunch. He revealed the company’s shift in strategy to partner with its former nemeses —...
  • Uber CEO Dara Khosrowshahi said the company's listing plans will have no bearing on the SoftBank negotiations. Photo: Bloomberg

    CEO Khosrowshahi says he wants Uber to go public by 2019

    - Nov 10, 2017 5:53pm
    Uber CEO Dara Khosrowshahi says he aims to launch the initial public offering of the car-sharing service by 2019, with the backing of co-founder Travis Kalanick and the board. Speaking at the New York Times’ DealBook conference...
  • Amazon founder Jeff Bezos. AWS continues its dominance of the infrastructure-as-a-service market in the most recent quarter. Photo: Reuters

    Cloud market growth tops 40%; Amazon still surging

    - Nov 1, 2017 4:02pm
    As a trio of major tech companies released their quarterly earnings reports, tech behemoths Amazon, Google and Microsoft again managed to impress Wall Street. In particular, Amazon’s cloud computing arm, AWS, continues its dominance of the...
  • TNG Wallet chief executive and founder Alex Kong says the company's Hong Kong listing plan hinges on the New Board proposed by Hong Kong Exchanges and Clearing.  Photo: HKEJ

    Hongkongers snubbing local startups, says TNG founder

    - Nov 1, 2017 9:24am
    TNG Wallet, a local e-payment startup, has recorded rapid growth since its launch in November 2015. However, chief executive and founder Alex Kong said Hongkongers are snubbing local startups. In September, TNG FinTech Group announced the completion...
  • TNG Wallet chief executive and founder Alex Kong created the e-wallet platform where more than 600,000 users in 13 countries and territories transfer and store money instantly. Photo: HKEJ

    TNG Wallet targets regional expansion

    - Oct 31, 2017 3:43pm
    There is a common belief that Hong Kong, despite its role as a top international financial center, is lagging far behind mainland China, Singapore and other major markets when it comes to cashless payment systems. But...
  • Uber has partnered with Barclays on a new Visa card, which will be available from next month in the United States. Photo: Uber

    Uber now offers a credit card

    - Oct 26, 2017 4:29pm
    Uber has transformed the way you get around. Now it is getting into the credit card business. The ride-sharing company announced it has partnered with Barclays Bank on a new Visa card, which will be available...
  • Airbnb has had a rocky experience in the China market, where local restrictions have slowed down the platform’s growth. Photo: Airbnb

    Airbnb’s China head exits after just four months

    - Oct 25, 2017 3:22pm
    The head of Airbnb’s China business has left the company after only four months in the position, Bloomberg reports. His departure reflects the struggle Airbnb faces in China, where foreign players are humbled by protectionist laws and...
  • Xi Jinping's speech at the Communist Party congress received several hundred million 'claps' from Chinese mobile phone game users. Photos: Tencent

    Tencent scores with mobile game on Xi speech

    - Oct 19, 2017 4:32pm
    A mobile game that encourages people to applaud the speech that Chinese leader Xi Jinping gave at the opening session of the Communist Party congress has proved to be a huge hit in China. The game,...
  • Apple's usual practice is to launch the new iPhones in September, start mass production in the fourth quarter and cut production in the first two quarters of the following year. Photo: Reuters

    Apple slashes iPhone 8 supplier orders by 50 percent: Report

    - Oct 19, 2017 4:27pm
    Apple has recently slashed orders for iPhone 8 and iPhone 8 Plus by about 50 percent for November and December, Taipei-based Economic Daily News reports, citing sources in Apple’s supply chain. This year is “quite rare”...

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