Hong Kong

It has a solution that can recognise the type of documents being scanned and extract data from images.

Users can request data on current rates and detect nearby FX ATMs.

Credit cardholders can settle one-off or recurring payments on the app whilst earning points.

He will be responsible for the bank's cash execution business across 12 markets.

He will discuss key drivers for fintech innovation and why coopetition will be the new norm for the payments industry.

He will discuss key strategies on how players can adapt amidst the emergence of virtual banks.

He will share how to compete across the payments industry amidst its digital shift.

HKD loans were buoyed by mortgage demand.

Expats may turn to lower-paying options following Deutsche and Nomura's job cull.

Account fees, which were waived, represent only a negligible income source.

HSBC, BEA, StanChart, and Hang Seng did the move in anticipation of stiffer competition from virtual lenders. Amidst the rise of virtual banks, three major Hong Kong banks revealed that they will waive minimum balance fees for their customers in a move to further boost financial inclusion. Starting August 1, HSBC, Bank of East Asia (BEA) and Hang Seng Bank will remove minimum balance fees for certain accounts. HSBC was the first to announce that it will enable free basic banking services for their customers with passbooks, statement accounts, personal and advance integrated accounts, as well as those with super ease accounts. The move will also kill monthly or annual service fees and miscellaneous charges such as counter transaction fees for some personal savings account. Currently, bank users of HSBC’s personal integrated account need to pay a monthly fee of $7.68 (HK$60) once the average total balance reaches $640 (HK$5,000) over a period of three months. Meanwhile, those with advanced integrated accounts pay $15.36 (HK$120) when a three-month average balance is less than $25,601 (HK$200,000).

Competition and cooperation will shape the interaction between incumbents and TSPs.

The hottest roles will include data scientists, UI engineers, and full stack developers.

His sons, Adrian David Li Man-kiu and Brian David Li Man-kiu, will pick up in their father's stead.

Global transaction banking revenues are estimated at nearly $1t in 2017 or 43% of wholesale banking revenues.

A unit backed by Chinese insurer Ping An also scored a license.