Big Data
Financial Institutions Turn to Huawei’s Converged Data Lake Solution to Accelerate Banking Innovation
Like many other areas of the economy, the financial services sector is undergoing a data revolution. Every day, the global banking industry generates massive amounts of data by processing hundreds of billions of financial transactions as well as through interactions
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HKMA Unveils New Data Strategy During Hong Kong Fintech Week
During his opening speech at the Hong Kong Fintech Week 2020, the city’s flagship fintech event, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue announced that the HKMA is exploring a new data strategy and considering building a new financial
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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual event, experts
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Unlocking the Value in Payments Data With Technology and Partnerships
Over the years, banks have been creating exponentially growing mountains of data – much of it with huge potential value. However, despite their ability to create it, banks have not always been good at making the best use of it.
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3 Ways China’s Bigtechs are Helping to Tackle the Coronavirus Crisis
In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant Financial, the financial affiliate of e-commerce giant Alibaba, have deployed solutions and set up financial aid programs to help combat
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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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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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Ping An’s $US 15 Billion R&D Budget Could Help Them Stay Ahead in Healthtech
Ping An Group expects to invest $US 15 billion in technology R&D in the next decade in an attempt to stake out a lead in the financial services industry for next 10 years Each year the Group invests one percent
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Gain an Insider’s Perspective on the Latest Big Data Technologies in Hong Kong
In an effort to inform, inspire and connect Big Data & Analytics practitioners across industries, Forward Leading is hosting the Big Data & Machine Learning Leaders Summit on December 6 & 7 at the InterContinental Grand Stanford Hong Kong. This
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MYbank Will Share Its Risk Management & AI Data With 1K Financial Institutions In China
Alibaba-backed MYbank, a Chinese online bank with a focus on lending, announced that it will be opening up its artificial intelligence, computing and risk management capabilities to financial institutions in China, in what is called their Star Plan. Through these
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