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How Can Financial Institutions Put a Stop to Account Takeover Attacks

Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when

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Klook and ZA Form Joint Venture to Offer Travel Insurance

Travel and leisure booking platform Klook and ZA Tech, the technology venture founded by ZA International and backed by Softbank’s Vision Fund 1, announced a joint venture (JV) that will accelerate the availability and accessibility of travel-related insurance for consumers

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The Hong Kong Fintech Week 2021 Ends on a High Note

Hong Kong Fintech Week (HKFW) 2021 ended on November 5, closing a global conference exploring an array of business opportunities for the fintech industry in Hong Kong and across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The event which featured

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Regtech to Play Key Role in the Development of Green Finance in Hong Kong

Demand for green finance is surging in Hong Kong but the lack of unified standards or definitions of green financial products is posing regulatory challenges, facilitating greenwashing, damaging investors’ confidence and harming the proper development of the sector. Against this

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Virtual Banks Mox and Livi Grab Top Spots in Regional Mobile Banking Benchmark

The Mobile Banking Benchmark 2021 survey found that Hong Kong’s virtual banks Mox and Livi stood out as regional leaders, though overall a gap between Asian and European players remains. The survey was conducted by management consulting firm Sia Partners

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Airwallex Raises US$100 Million in Series E Extension, Now Valued at US$5.5 Billion

Cross border payments firm Airwallex announced it has secured an additional US$100 million in a Series E1 financing round, raising its valuation to US$5.5 billion. This extension comes just a month after Airwallex announced an oversubscribed US$200 Million Series E

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FIS: Over One-Third of Hong Kongers Open to Use Digital Currencies in the Next 5 Years

35 percent of Hong Kong citizens said they are open to use cryptocurrencies or central bank digital currencies (CBDCs) as a payment method in the next five years, according to new research from FIS. More than 1,000 Hong Kong consumers

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6 Reasons You Need a VPN

In recent years, installing and enabling a virtual private network (VPN) on your personal computer or smart device has gone from a niche luxury to a must-have for many internet users. By masking your IP address and encrypting your online

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Digital Wallets to Become Preferred Payment Method in Hong Kong by 2023

In Asia-Pacific (APAC), digital wallets are gradually booming in popularity. By 2023, these apps and digital platforms are expected to become the preferred payment method for consumers in Hong Kong and India, a new whitepaper by payment solution provider HPS

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Hong Kong Insurer OneDegree Offers Digital Assets Protection for HKbitEX

Hong Kong’s multi-line insurer OneDegree announced a partnership with digital asset exchange HKbitEX to offer protection for its sister company ON1ON’s custody platform. The partnership will ensure that US$100 million of digital assets under management will be protected. OneDegree will

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