Hong Kong

There are already eight cases of fraudulent bank websites in October YTD.

It rolled out a real-time fund transfer system, open API guidelines, virtual banks authorisation in 2018 alone.

Mainland-owned banks accounted for 38% of system assets and deposits by 2017.

The SFC is enhancing sponsor standards as it aims to reclaim the global IPO crown.

With HKMA and major Hong Kong banks increased their base lending rate on September 27, Hong Kong has finally embraced higher rates after twelve years of muted low rate environment. The abundant liquidity in Hong Kong and the seemingly decoupled rate cycle with the US has been the trending question in the market. Not only during the era of the global quantitative easing, rates in Hong Kong have stayed at an ultra-low level even after the FED started its hiking cycle. But the recent sudden appreciation of the HKD seems to be a wakeup call to carry trade participants.

Domestic financing and mortgages took a beating.

The closing conditions of the agreement have not been met in time.

Customers can now make and receive real-time payments.

HSBC, Hang Seng Bank and Standard Chartered led the pack.

Facial recognition technology and biometric methods may be used.

The number of credit cards in circulation hit 20.06 million.

It aims to bolster onboarding for its mobile banking solution.

Consumers will soon be able to transfer funds instantly and without cost.

He is former retail banking head for APAC and EMEA since 2015.

The bank has already tied up with four tech companies.

‘HARO’ can now help customers manage their personal finances.