Green Horizons - Hong Kong's Banking Community Focuses on a New Era of Sustainability

Cover Story 

Green Horizons - Hong Kong's Banking Community Focuses on a New Era of Sustainability

Climate change is expected to accelerate and is no longer considered only as an environmental threat because it affects all economic sectors.  Towards this end, our Banking Today Cover Story takes a comprehensive look at the various undertakings Hong Kong's banks and regulators are initiating to amplify the role of the financial sector in achieving climate and environmental goals. 

Special Article

Talent Development Award Reflects DBS’ Commitment to Talent Management

A key element to successful talent management is learning and development, a philosophy that DBS Bank (Hong Kong), Talent Development Excellence Award, Grand Award Winner implements and advocates through formal training programmes, cutting-edge digital platforms and mentoring schemes that focus on developing talent with a growth mindset. In a special article featured in this edition of Banking Today, DBS outlines strategies and initiatives the bank deploys to create upskilling and reskilling opportunities that enable employees to expand their horizons while continuing their development journey within the bank.

China World

Banks Leverage Hong Kong to Pursue Golden Opportunities in the Greater Bay Area

As an international financial centre renowned for its global connectivity, Hong Kong offers both a practical and attractive springboard for Mainland Chinese banks to pursue their global ambitions. At the same time, as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) continues to develop into a dynamic business and finance hub, unmissable opportunities are unfolding for international banks. The China World article in this edition of Banking Today explores the challenges and opportunities that could lead to the keys to success.

Fintech

Premier FinTech Awards Recognises Excellence and Achievement

For the past 15 years, the Hong Kong ICT Awards have served as a prestigious platform for local information and communications technology (ICT) talents and enterprises to showcase their innovations and excellence.  With Fintech solutions at the heart of innovation in the banking and financial services industries, in a Special Article, Banking Today takes a close look at the three Gold Award winners and discovers what made their ideas resonate not only with the judges, but with the market and their customers.

Knowledge Plus

Central Bank Digital Currencies – Friend or Foe of the Retail Banks?

Central bank digital currencies (CBDCs) have recently emerged as a hot topic in the financial space and nowhere more so than Mainland China which has emerged as a forerunner in piloting retail CBDC within its economy, while Hong Kong is also an early pioneer of CBDC projects. As CBDCs’ offer the potential to facilitate financial inclusion, create future-proof payment rails and accelerate the transformation to a cashless society, our Knowledge Plus article looks at some of the pros and cons CBDC pose and explores the question of, are CBDCs the Friend or Foe of the Retail Banks.

GRC Corner 

Protecting Personal Data Privacy in an AI-Driven World

Artificial intelligence (AI) has the potential to solve many business challenges including those in the banking and finance landscape.  At the same time, as the use of AI grows in importance the process of data and privacy risk management needs to be effective and productive in order to mitigate risks. In the GRC Corner article in this edition of Banking Today, the Privacy Commissioner for Personal Data outlines practical considerations and offers advice to ensure that use of AI technologies can grow for the benefit of all, while subject to appropriate ethical risk oversight.