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TECH 19 Jun 2019 | 4:29 AM

As AI and fintech come knocking, half of Asia-Pacific finance professionals fear for their jobs

Performance analysts, traders, accountants and sales agents to lose out over next decade, according to CFA Institute survey. But CFA members also expect number of finance professionals to grow 16% over same period.

TECH 09 May 2019 | 10:51 AM

Tencent, Alibaba, Xiaomi units win Hong Kong online banking license

Hong Kong’s banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital.

TECH 07 Feb 2019 | 10:00 PM

It’s not a cashless society yet in Hong Kong where banknotes still rule

Going cashless may be all the rage in mainland China and places chasing “smart nation” targets, but for now at least, hard cash still rules in Hong Kong.

TECH 11 Jun 2018 | 11:04 AM

Standard Chartered to apply for virtual banking licence in Hong Kong

Standard Chartered plans to apply for “virtual banking” licence in Hong Kong, the emerging market-focused lender said on June 11, amid a rush by global banks to boost their digital presence to attract more young customers.

Technology 15 Feb 2017 | 5:14 AM

Hong Kong police struggle to stop brokerage hacking spree

Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year.

TECH 11 Jan 2017 | 10:30 PM

Mobile payments: Catch up or be left out

Hong Kong's mobile-payment services market is poised to balloon as residents become increasingly familiar with the new form of payment technology.

TECH 14 Nov 2016 | 9:00 AM

Financial firms seek RegTech to cut regulatory chores, fight crime

Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud.

TECH 11 Nov 2016 | 4:12 AM

Two banks trialling biometric technology under Hong Kong fintech sandbox

Hong Kong's banking regulator received applications from two banks to test emerging biometric technologies under a new regulatory regime.

Technology 19 May 2016 | 5:42 AM

Hong Kong launches fresh plan to fortify cybersecurity after SWIFT heist

Hong Kong's central bank has a launched a new program to strengthen lenders' ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community.