Digital Transformation
SFC Introduced Virtual Asset Trading Platform Lists
The Securities and Futures Commission (SFC) recently launched multiple lists regarding virtual asset trading platforms (VATPs) on its website. This aligns with the SFC’s commitment to providing clear and transparent information to the public. Among the lists are licensed VATPs,
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Digitalisation of Financial Services in Hong Kong Comes at a Cost
In Hong Kong, the digitalisation of financial services has expanded financial inclusion through the increasing usage of digital channels and innovations, open banking, as well as advancements in data collection and analytics. But despite the positive outcomes, digitalisation may also
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Purposeful Coexistence in Your Journey to a Digital Core
The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the
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Broadridge: Financial Firms to Increase Next-Gen Tech Investment in the Next 2 Years
Digital transformation has become the most important strategic initiative for many financial services firms, with innovative technologies underpinning core business strategies. The third-annual Broadridge Digital Transformation and Next-Gen Tech study surveyed 500 C-level executives and direct reports across the buy- and sell-sides
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Key Highlights: How Hong Kong’s New Budget Pushes for Digital Innovation
Hong Kong’s economy faced significant challenges in 2022 due to adverse external conditions. The global economy was affected by rising energy and commodity prices and high inflation levels, adversely affecting advanced economies. The Special Administrative Region, which is one of
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AWS Rolls Out Gamified Tool to Help Financial Institutions Plug the Digital Talent Gap
Amazon Web Services (AWS) announced the launch of a new interactive, game-based learning experience to help individuals and organisations develop their digital skills. Professionals and teams can play AWS Industry Quest: Financial Services to learn and build solutions for fraud
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Five Takeaways Banks Need to Consider for Their Trade Finance Platforms
Asia Pacific accounts for 55% of the global trade finance’s volume. As the region’s trade grows, so does the financing gap. The high cost-to-serve, perceived risks, legacy systems and processes has left US$700 billion worth of unmet demand in emerging
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Salary is the Top Issue Exacerbating Hong Kong’s Fintech Talent Gap
The HKU-SCF Fintech Academy, Cyberport and Hong Kong Productivity Council have published a Fintech Talent Study Report which found an urgent need to nurture more talents to address the fintech talent gap. The report, which was unveiled at the Hong
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10 Key Highlights from Day 2 of Hong Kong Fintech Week 2022
Hong Kong Fintech Week 2022 ‘s second day was every bit as exciting as the first, with a packed schedule of events, announcements, and sessions with some of the biggest names in the industry. With so much to see and
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