Hong Kong
HSBC installs ‘dementia' specialist staff in Hong Kong
HSBC installs ‘dementia' specialist staff in Hong Kong
They will assist the elderly with their finances.
Hong Kong banks make do with falling loan growth as earnings lifeline
Gains from Chinese business will remain limited.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Hong Kong banks' loan growth eases to 2% in October
This represents the fourth straight month of decline.
Asian banks rev up fintech partnerships to keep China's tech titans at bay
Incumbents are launching VC arms and innovation labs to avoid being outpaced.
Weekly Global News Wrap Up: Greece cracks down on $47b bad debt burden; HSBC Africa fined $1.1m
And foreigners can now own up to 25% of Abu Dhabi Islamic bank.
Hong Kong's Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Do Hong Kong banks have reason to fear as Chinese lending accelerates?
Mainland Chinese exposure accounted for nearly a third of total assets.
Hong Kong bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
Hong Kong's blockchain-powered trade finance platform goes live
eTradeConnect will digitise the paper-intensive process.
Bank of East Asia debuts trade finance services on blockchain-powered platform
It will be available on eTradeConnect.
Hong Kong beefs up e-wallet identity verification
Enhanced security features include two-factor authentication process.
Hong Kong suspends e-wallet top-ups amidst fraud reports in blow to Smart Banking push
Customers were hit by a combined loss of $180,000.
Citi Hong Kong expands API tech in Octopus tie-up
Users of the Octopus app can easily apply for Citi Octopus Platinum Card.
HSBC Hong Kong launches fund transfer service with Lu International partnership
It cuts transfer time from 1-3 days to within the same day.
Cybercriminals prey on prosperous Hong Kong banks
There are already eight cases of fraudulent bank websites in October YTD.
Hong Kong makes huge headway in realising smart banking ambitions
It rolled out a real-time fund transfer system, open API guidelines, virtual banks authorisation in 2018 alone.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?