Hong Kong
Hong Kong neobank ZA Bank launches early payday product
Hong Kong neobank ZA Bank launches early payday product
Users can get their monthly payroll up to seven days in advance, interest-free.
Bank of East Asia unveils UnionPay QR code cash withdrawal service
All BEA ATMs in Hong Kong will offer this service.
Cross-border payment startup Currenxie secures $10m Series A funding
The Hong Kong-based firm was founded by Goldman Sachs alumni.
Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks
LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.
Hong Kong’s Airstar Bank launches pilot trial of SME Easy Pay Loan
After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.
Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021
The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
Hong Kong arrests 4 in alleged $155m crypto money laundering case: report
This is the first time that the city detected a money laundering case with cryptocurrency.
Standard Chartered, Cathay, Mastercard launch new credit cards
The credit cards will allow faster earning of Asia Miles and will also provide other privileges.
SFC, Canadian securities partner in strengthening fintech cooperation
The SFC and their Canadian counterparts agreed to draft a fintech cooperation framework.
Hong Kong banks’ credit losses to revert to pre-COVID levels before end-2022
The increase in credit losses in 2020 was manageable compared globally.
HKMA, Hong Kong banks warn public against phishing attacks
Phishing emails and messages detected in the first half were 145% higher.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
Hongkongers optimistic about BaaS: study
42% said that their organisation have been deploying banking-as-a-service (BaaS) in the last 12 months.
HSBC unveils new online trading platform for private bank clients in Asia
Clients can buy and sell securities in 10 markets worth up to US$10m daily.
People’s Bank of China to issue RMB5b Bills
It will be issued through HKMA’s Central Moneymarkets Unit.
Growing exodus of junior bankers poses talent shortage for banks in Asia: report
Even raises of up to 30% has failed to stop junior investment bankers from leaving.
Commentary
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