Big Data
BIS Raises Concern Over Digital Monopolies by Bigtech Like Tencent and Alibaba
Bigtech companies such as Alibaba, Meta and Tencent, are rapidly expanding their presence in the financial services sector. This increasing influence presents opportunities to improve financial inclusion but also brings challenges relating to market dominance and price, as well as
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Key Takeaways from HKMA’s Investment Summit on Digital Trends
The Hong Kong Monetary Authority (HKMA), the Global Financial Leaders’ Investment Summit organiser, brought together some of the most prominent figures in the finance industry to discuss the transformative impact of technology and innovation. The panel, consisting of Rob Kapito,
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HKEX Appoints Patrick Khong as Co-head of Data and Analytics
The Hong Kong Exchange & Clearing Limited (HKEX) announced that Patrick Khong has been appointed as its Managing Director and Co-Head of Data and Analytics. Working in partnership with Andy Shum as Co-Head of Data and Analytics, Khong will help
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InterSystems Survey Highlights Data and Tech Obstacles for Financial Services in Asia Pacific
Financial services firms across the Asia Pacific are facing an ever-increasing array of data and technology challenges stemming from both the growth in the volume of customer and business data being generated and the proliferation of data siloes across different
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Digital Insurer Blue Partners Adobe for Data-Driven, Personalised Offerings
Hong Kong’s digital insurer Blue has partnered with software company Adobe for its cloud platform to create engaging and personalised experiences for its customers. Blue will leverage Adobe Experience Cloud, including Real-Time Customer Data Platform (RT-CDP) and Customer Journey Analytics
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HKMA Officially Launches Its Commercial Data Interchange
The Hong Kong Monetary Authority (HKMA) has officially launched its Commercial Data Interchange (CDI), one of the key initiatives under its Fintech 2025 strategy. As a consent-based financial data infrastructure, CDI aims to enhance data sharing by facilitating financial institutions
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Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech
Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial services companies looking to get the most out of their investments in artificial intelligence (AI), allowing them to build more
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APAC Financial Institutions Struggle to Make Use of Their Data in a Timely and Effective Manner
Despite realizing the opportunities brought about data and analytics, banks and financial institutions in Asia-Pacific (APAC) are still struggling to draw critical insights from their data in an effective and timely manner. This is one of the findings drawn from
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Talent Availability Identified as Top Challenge Among Hong Kong’s Big Data, AI Startups
Hong Kong’s big data and artificial intelligence (AI) startups are looking to ramp up hiring significantly, a trend that showcases the sector’s growth and dynamism, a new report by the Fintech Association of Hong Kong (FTAHK)’s AI and Big Data
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Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion
The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what’s the real story around what AI can do? Beyond just automating certain processes, AI
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