AI
Over 80% of Banks in Hong Kong Plans to Increase Investment in AI Within 5 Years
Banks in Hong Kong have been integrating artificial intelligence (AI) into various key functional areas in a bid to reduce costs and improve customer experience, according to an industry-wide survey conducted by Hong Kong Monetary Authority (HKMA). In a report
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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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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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Hong Kong Chooses 3 Startup as Part of the Global Fintech Sandbox Project
The Hong Kong Monetary Authority (HKMA), is one of 17 global regulators that are participating in the Global Financial Innovation Network (GFIN) cross-border pilot tests—which has just shortlisted 8 fintechs. In total, 44 unique applications were submitted across the 17
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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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WeBank Lends Blockchain Expertise to Help Macao Transform into a Smart City
WeBank just signed a collaboration agreement with the Macao Science and Technology Development Fund (FDCT), established by the Macao government. Together, the two parties will collaborate in the development of Macao as a Smart City. With fintech at front and
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FinFabrik Concludes Seed Round Led by BitMEX Ventures
FinFabrik, a Hong Kong-based fintech startup focused on issuance, market making, and trading of digital assets has raised an undisclosed amount in seed funding. BitMEX Ventures, the investment arm of Seychelles-based HDR Global Trading Ltd., is the lead investor. FinFabrik
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China’s Top Tech Companies Get Real About Artificial Intelligence
For a moment, when thinking about “Artificial Intelligence,” try to erase from your mind images of robots bent on the complete destruction of the human race popularized by science fiction. AI’s banal practicalities far exceed its nefarious reputation, and it’s
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11 Fintech Artificial Intelligence Startups to Watch in Asia
Blockchain may have been the obvious choice when one considers the subcategory of fintech that might gain traction this year, but we should have expected that the rise of a more reliable ledger system would pave the way to the
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