Financial Services
Banking system outlook up to stable from negative: Moody's
Banking system outlook up to stable from negative: Moody's
Thanks to global economic growth and favourable monetary conditions.
Banks apply tech, data analytics to combat money laundering
One of the major amendments is to leverage technology on non-face-to-face account opening.
Relax, robots are not out to take your banking jobs
Robotics mostly serves as a stop-gap measure to overcome flaws in tech infrastructure.
Fintech will go mainstream in Hong Kong by 2018: KPMG
The industry is entering a new era of Smart Banking.
HKMA launches fintech supervisory chatroom
It seeks to provide early-stage feedback on fintech proposals.
Hong Kong's tax payment system is one of Asia Pacific's most efficient
It only takes 3 days to file tax requirements.
Hong Kong slaps HSBC with $51m fine for Lehman-linked products sale
The $51m penalty was the most expensive sanction imposed on a financial firm.
Half of Hong Kong workers have insufficient savings
Hong Kong workers are most vulnerable to income loss resulting from illness or disability.
Hong Kong's bail-in system is most advanced in APAC
Its new bank resolution regime was only introduced in July.
Hong Kong CFOs onshoring services as complaints rise
And half said they’d shut their off-shore location completely if they could find the workers locally.
Hong Kong Smart City Consortium bags Tekes partnership
The two collaborate on smart city projects and potential funding.
This is Hong Kongers' favorite credit card reward
73% said they prefer rebates due to convenience and value.
57% of Hong Kong trust sector grew assets in three years
But firms are growing more worried about compliance costs.
Here's how fintech disrupted banks' customer-facing functions
The number of people engaged in banking fell 0.6% from 2015 to 2016.
Funds raised by Hong Kong IPOs down 37% to $85.7b
But the number of IPOs increased 52% to 114.
Hong Kong's financial services gradually leveraging blockchain
52% of CFOs say blockchain improved their businesses.
Peer-to-peer international payments now possible with new Smart Transfer app
Want to gift money, at little to no cost, to someone overseas for their birthday?
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