Hong Kong
Bank of East Asia warns of fake website
Bank of East Asia warns of fake website
Customers who used the site are advised to report their cases to the police.
Standard Chartered Bank (Hong Kong) soars at the ABF Retail Banking Awards 2021
The bank and several of its projects have been recognised by the industry for their remarkable achievements.
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years.
Hong Kong’s ZA Bank hits 400,000 users
This is equal to 5% of the city’s total population.
Bank of East Asia profit rebounds nearly 75% to $2.67b in H1
This increased from $1.53m in the same period last year.
Hong Kong’s ZA Bank launch new credit card repayment feature
Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.
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.
Commentary
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