Covid19
Here’s How COVID-19 Affected Hong Kong Consumers’ Financial Health
The global pandemic continues to take a heavy toll on Hong Kong households’ financial situation with many still concerned over whether they will be able to pay their bills, results from a new TransUnion survey found. TransUnion’s latest Consumer Pulse
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TransUnion Study Notes Uptick in Digital Fraud Attempts in Hong Kong
TransUnion’s latest quarterly analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters in Hong Kong are increasing their digital schemes against businesses. In addition, provisional findings of TransUnion’s recent Global Consumer Pulse Study found that
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ZA Offers Free Post-Vaccination Protection for Hong Kong Customers
ZA International, digital insurer founded by ZhongAn Online, announced the launch of its “Free Post-Vaccination Protection” as a part of its ZA Relief Fund worth HK$ 6 million established in February 2020 to offer its customers support amidst the pandemic.
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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19
A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises
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HKMA Highlights 4 Regtech Uses Cases During COVID-19 Pandemic
As the COVID-19 pandemic continues to profoundly disrupt the financial services landscape, technology holds to key to overcoming the operational challenges caused by the public health crisis, according to Hong Kong Monetary Authority (HKMA). In HKMA’s fifth issue of
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Cyberport’s Incubatees PortfoPlus and 10Life Aim to Simplify Insurance
Hong Kong’s insurance industry worth US$66 billion (HK$552 billion) in the past years has provided a fertile ground for the digitalisation push by innovative insurtech startups in the region. The current pandemic has created a positive shift to accelerate digital
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Majority of Hong Kongers “Annoyed” with the Way Banking Transaction History Works
Recent research by gini, shows 66.7% of respondents feel their bank should be doing more to improve online services during the pandemic, with one of the major pain points being the lack of clarity in the way information is displayed
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Millennials Most Targeted Group by Hong Kong Digital Fraudsters
The quarterly analysis of online fraud trends in Hong Kong by TransUnion found the percentage of suspected fraudulent digital transactions originating in Hong Kong fell by 10% despite a 5% rise globally for the same period. In this quarter, TransUnion
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In Japan, COVID-19 Puts a Brake on Merchant Cashless Payments Adoption
The COVID-19 pandemic and the resulting economic turmoil have put a brake on merchant adoption of cashless payments, according to a new report by S&P Global Market Intelligence. The Japanese government launched a cashless incentive program last year to sustain
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Fintech Funding Hitting Record Lows Amid COVID-19 Crisis
The COVID-19 outbreak has taken a toll on startup funding with fintech investment dropping to levels not seen since 2016 and 2017, according to CB Insights’ State of Fintech Q1’20 Report. Q1’20 VC-backed fintech activity declined to US$6.1 billion across
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