Tag "artificial intelligence (AI)"
6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes
A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with
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How China’s Virtual Banks Are Offering Loans to Micro-Businesses Within Minutes
In China, online lenders are filling the credit gap, leveraging cutting edge technology including artificial intelligence (AI) to make lending decision in just a second. E-commerce giant Alibaba’s MyBank and Internet conglomerate Tencent’s WeBank, have dramatically changed the domestic financial
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Once Notorious for Copying, China’s Tech Giants Are Now Being Copied by the West
As China emerges as a tech powerhouse, successful concepts from Chinese tech giants are being studied and replicated by Asian and Western counterparts, according to a new report by South China Morning and its tech-focused news site Abacus. In the
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Fintech Infographic of the Week: Ethical AI
Artificial intelligence (AI) is set to play a key role in the future of financial services and more broadly in what UBS and the World Economic Forum refer to as the “Fourth Industrial Revolution.” The global economy is on the
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QR Codes Are Out, Soon You’ll Only Need to Show Your Face to Pay in China
While Sweden is trialling inserting microchips into its citizens as a new way to pay, China is opting for a less invasive method — your face. In Shenzhen, a local subway operator is testing several advanced technologies powered by the
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