Regtech

ZA Bank’s Risk Prevention Tech Thwarts HKD 4 Billion Fraud, Earns Award from Police

Hong Kong’s virtual bank ZA has reported a 400% improvement in its risk control and cybersecurity capabilities through the use of in-house developed systems. The bank’s proprietary systems now allow for real-time fraud monitoring of 100,000 transactions daily, a fourfold

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Sumsub’s Role in Fraud Prevention in Asia

The realm of digital identity verification and compliance has seen significant evolution over the past decade. As the digital economy expands, the sophistication of fraudsters grows in tandem, making traditional Know Your Customer (KYC) checks insufficient as a standalone defence.

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Broadridge Simplifies Shareholder Disclosure Compliance for Hong Kong

Broadridge Financial Solutions has expanded its Shareholder Disclosure solution to meet the specific regulatory requirements in Hong Kong, Australia, and the UK markets. The solution is now operating live in all three markets. The solution leverages next-gen blockchain technology and

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Sumsub Showcases Next-Gen Verification Solutions at HK Fintech Week

The world of fintech is abuzz, and as Hong Kong gets ready to host the much-anticipated HK Fintech Week, Sumsub is all geared up to make a significant appearance. This gathering, which draws together the most innovative minds in the

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JETCO and Know Your Customer Streamline KYC/KYB for Hong Kong Financial Sector

Regtech company Know Your Customer has partnered with Joint Electronic Teller Services Limited (JETCO), a bank consortium, to give Hong Kong financial institutions faster access to official company data. This will help banks to streamline their know-your-customer (KYC) and know-your-business

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Know Your Customer Now Available on Hong Kong’s Commercial Data Interchange

Know Your Customer, a regtech firm focused on business KYC verification, is now available on the Hong Kong Monetary Authority’s (HKMA) Commercial Data Interchange (CDI). The CDI is a consent-based financial data infrastructure. It enhances data sharing by facilitating financial

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Identity Verification Firm Sumsub to Establish APAC HQ in Singapore

Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong Kong among other countries in the region. Sumsub said that this move

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Dynamic Data Streamlines Customer Experience, Fights Fraud in Digital Banking

As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and services seem never-ending. Furthermore, when it comes to financial services, there is an entire generation of consumers cropping up who have barely

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Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector

The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm

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StanChart Joins Chekk’s Multi-Million Dollar Funding Round

Standard Chartered’s innovation, fintech investment and ventures arm SC Ventures announced that it has invested funds in Chekk, a Hong Kong-based KYC, KYB and data management platform.  Details of the investment was not disclosed. SC Ventures joins Chekk’s multi-million dollar

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