How the coronavirus is turbocharging Hong Kong’s fintech revolution
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“Forced to adapt quickly, Hong Kong’s banking and financial services industry has hastened its adoption of digital transformation and AI in the name of survival, supported by a rapidly evolving regulatory environment
For Hong Kong’s financial institutions, Covid-19 will propel growth in AI technologies such as biometric facial recognition and electronic “know your customer” for remote account opening and onboarding, as well as AI fraud-detection.”
