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Hong Kong law enforcement authorities have access to artificial intelligence software that can match faces from any video footage to police databases, but it’s unclear if it’s being used to quell months-long pro-democracy protests, according to people familiar with the matter.
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.
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.
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.
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.
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.
Hong Kong's mobile-payment services market is poised to balloon as residents become increasingly familiar with the new form of payment technology.
Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud.
Hong Kong's banking regulator received applications from two banks to test emerging biometric technologies under a new regulatory regime.
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.