Tagged: survey report

Financial Planning: TransUnion Survey Reveals Hong Kong Residents are Facing Financial Pressure due to COVID

The COVID-19 pandemic has taken a heavy toll on Hong Kong residents’ financial situation with many people now worried about whether they’ll still be able to settle their bills, according to a recent TransUnion survey report. TransUnion’s Consumer Pulse study reveals that Hong Kong consumers’… Read More

Nearly 75% of Financial Institutions in US, UK Reveal there’s an Increase in Cybercrime Following COVID Outbreak: Report

Almost three-quarters or 75% of financial institutions have reported an increase in cybercrime activities since the Covid-19 outbreak (around February 2020), according to a survey released by BAE Systems. The survey of 902 banking institutions and insurance providers, based in the US and the UK,… Read More

Binance Forced to Temporarily Suspend Withdrawals due to Record Levels of Platform Activity after Elon Musk Adds Bitcoin to his Twitter Bio

Binance, the world’s largest digital asset exchange in terms of volume and scope of operations, recently revealed that a sudden rush of new users on its platform had put its systems under a lot of stress and overload, leading it to temporarily suspend withdrawals. Binance… Read More

Majority of ASEAN Region Fintech Firms are Planning to Raise Additional Funds while Expanding Operations in 2021: Report

Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam. A report from UOB, PwC… Read More

Fintech Adoption in China Remains Strong due to Increased Use of AI, Digital Wallets, WealthTech, Robo-Advisory Services by Businesses: Report

Guided by the government’s Fintech focused development plan and innovation strategy, China is reportedly leading the charge when it comes to establishing financial technology businesses in the country. A recent survey of business Fintech usage, performed by CPA Australia, an established accounting firm, reveals that… Read More

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