Big Data

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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